HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » Illinois (Group) » Federal Search Of Caterpi...

Fri Mar 3, 2017, 07:14 AM

Federal Search Of Caterpillar Facilities May Relate To Tax Evasion Allegations [View all]

Three of Caterpillar's facilities in Illinois including its headquarters were searched by federal agents on Thursday. The warrant specified a search for evidence of misleading reports related to the company's exports.

Peoria Public Radio reported, "In 2014, the U.S. Senate issued a report that may be related to today's ... search. The 99-page document was titled 'Caterpillar's Offshore Tax Strategy.' The report alleges Caterpillar used the subsidiary to avoid paying $2.4 billion in taxes over a period of 13 years," the member station reported.

Copies of the warrants for the three facilities as obtained by Peoria Public Radio indicate that while evidence pertaining to dealings of Caterpillar subsidiary CSARL in Switzerland was the focus of the search, agents were authorized to collect documents about Caterpillar's sales outside the U.S. and shipments to any other foreign country.

Some Caterpillar employees were interviewed by authorities, according to Peoria Public Radio.

Read more: http://hawaiipublicradio.org/post/federal-agents-execute-search-warrant-caterpillar-facilities-illinois

3 replies, 1344 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply Federal Search Of Caterpillar Facilities May Relate To Tax Evasion Allegations [View all]
TexasTowelie Mar 2017 OP
littlemissmartypants Mar 2017 #1
TexasTowelie Mar 2017 #2
littlemissmartypants Mar 2017 #3