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CAT Skirts $2.4 B in US Taxes Moving ‘Business’ to Switzerland

Tuesday April 1 2014

CAT negotiated a 4% tax deal with Switzerland.  Who would not do that rather than face the highest corporate taxes in the world. As CAT Finance Chief points out, CAT is already paying 29% of its profit in tax.

Yet Carl Levin complains CAT is not paying its fair share.

Congress sounds more adn more like Edward G Robinson in Key Largo, Asked what the gangster wants, he hesitates and Humphrey Bogart's character supplies the answer

More, that's what Rocco wants, more, whatever it is it's never enough!

Yeah replies Rocco, that's what what I want,

MORE!

Do you thnk CAT is paying its fair share, after all, what does Congress do for CAT?

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One response to “CAT Skirts $2.4 B in US Taxes Moving ‘Business’ to Switzerland”

  1. Yeret Bustos Avatar
    Yeret Bustos

    It would be much easier if everyone would just play a flat tax with no loopholes but then we accountants would be out of jobs. I believe it is fair to keep what you earn. You reap what you sow. When the government takes away so much in taxes it lowers the incentive to take on projects; employees also get discouraged seeing much of their money dissapear. The government does not have a taxation problem it has a spending problem.

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