Caterpillar's Offshore Tax Strategies

Law professors, tax experts, and executives from Caterpillar testified on the offshore tax strategies of the Peoria, Illinois,… read more

Law professors, tax experts, and executives from Caterpillar testified on the offshore tax strategies of the Peoria, Illinois, manufacturing company. In his opening remarks Subcommittee Chair Carl Levin (D-MI) outlined the committee’s report on Caterpillar’s operations, stressing his concerns that the company had shifted $8 billon in profits through Switzerland to avoid $2.4 billion in taxes. 

Law professors in the first panel analyzed Caterpillar’s tax avoidance actions and gave recommendations for corporate tax rates. 

In panel two, tax experts from PricewaterhouseCoopers, consultants for Caterpillar, explained Caterpillar’s transfer of profits to Switzerland. Senator Rand Paul (R-KY) voiced his opposition to the hearing by saying Caterpillar should be praised for their actions and not chastised, and that the U.S. tax code should be on trial instead.

In panel three, Caterpillar Vice President Julie Legacy repeatedly stated that the company was complying with the U.S. tax code. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Caterpillar's Offshore Tax Strategies

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Program ID:
318624-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Apr 1, 2014
Last Aired:
Aug 8, 2014

Airing Details

  • Apr 01, 2014 | 9:31am EDT | C-SPAN 3
  • Apr 01, 2014 | 9:31am EDT | C-SPAN.org
  • Apr 01, 2014 | 10:00am EDT | C-SPAN RADIO
  • Apr 01, 2014 | 8:21pm EDT | C-SPAN 2
  • Apr 01, 2014 | 11:00pm EDT | C-SPAN RADIO
  • Apr 02, 2014 | 12:00am EDT | C-SPAN RADIO
  • Apr 02, 2014 | 12:29am EDT | C-SPAN 3
  • Apr 02, 2014 | 3:25am EDT | C-SPAN 2
  • Apr 02, 2014 | 5:07am EDT | C-SPAN 2
  • Apr 02, 2014 | 6:00am EDT | C-SPAN 3
  • Apr 04, 2014 | 6:33pm EDT | C-SPAN 3
  • Apr 05, 2014 | 6:18am EDT | C-SPAN 2
  • Apr 06, 2014 | 3:23am EDT | C-SPAN 1
  • Apr 06, 2014 | 5:05am EDT | C-SPAN 1
  • Apr 09, 2014 | 6:18pm EDT | C-SPAN 3
  • Apr 21, 2014 | 7:59am EDT | C-SPAN 3
  • Apr 24, 2014 | 10:21am EDT | C-SPAN 3
  • Apr 24, 2014 | 11:48am EDT | C-SPAN 3
  • Aug 08, 2014 | 5:25pm EDT | C-SPAN 3
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