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Sandy Levin

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Top Sandy Levin Articles

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  • Lawmakers approve withholding fix for contractors

    Government contractors applauded congressional action Wednesday to repeal a federal law that would have postponed millions of dollars in payments to Maryland companies, potentially wounding the region's fragile economy. In a rare display of...
  • Bipartisan quartet ratchets up congressional pressure on NFL

    WASHINGTON Congressional pressure for the NFL and other major sports leagues to get a handle on domestic violence continues to ratchet up. A week after one senator proposed stripping the National Football League of its antitrust exemptions, abipartisan...
  • U.S. Democrats weigh options to fight tax inversions

    (Reuters) - U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills. The U.S. Treasury Department on Monday announced new rules that will reduce the tax benefits to...
  • Horizon Pharma defies lawmakers, moves to Ireland

    Horizon Pharma defies lawmakers, moves to Ireland
    Despite growing criticism from lawmakers in Washington, a Deerfield drugmaker on Friday officially planted its corporate flag in Ireland, a move designed in part to lower its tax bill. Horizon Pharma completed its $587 million acquisition of the Irish...
  • Deerfield drugmaker defies Democrats' anti-inversion effort

    Deerfield drugmaker defies Democrats' anti-inversion effort
    Horizon Pharma Inc., a Deerfield-based specialty drugmaker, shifted its corporate address to Ireland Friday, defying a threat by Democratic lawmakers to unwind such maneuvers retroactively. Now known as Horizon Pharma, it's the first company to complete...
  • Burger King in talks to buy Tim Hortons, move headquarters to Canada

    Burger King Worldwide Inc. is looking north to expand, launching acquisition talks with Canadian coffee-and-doughnut chain Tim Hortons Inc. and rekindling the political debate over offshore tax shifting. Stock in both companies soared Monday after...
  • Burger King,Tim Hortons talks could turn up heat on tax inversions

    Burger King Worldwide Inc.'s potential acquisition of coffee-and-doughnut chain Tim Hortons Inc. could flame-broil the already simmering debate in Washington about new limits on off-shore tax shifting after the companies confirmed a new merged firm...
  • Close loopholes that let U.S. firms avoid taxes by using inversions

    Close loopholes that let U.S. firms avoid taxes by using inversions
    It's both endearing and infuriating to watch American corporate executives wring their hands about how the injustices of the U.S. tax code are forcing them — forcing them! — to reincorporate overseas through the procedure known as inversion....
  • Sen. Dick Durbin decries corporate tax inversions

    Sen. Dick Durbin decried U.S. firms that renounce their corporate citizenship to avoid taxes, saying Tuesday that he would introduce a measure to put them at a disadvantage for federal contracts. "When it comes to a competition between companies, if we...
  • Durbin bill to target corporate inversions

    Durbin bill to target corporate inversions
    Sen. Dick Durbin today decried U.S. firms that renounce their corporate citizenship to avoid taxes and said he was introducing a measure to put them at a disadvantage for federal contracts. “When it comes to a competition between companies, if...
  • Corporate tax scam watch: The 'inversion' craze

    Corporate tax scam watch: The 'inversion' craze
    Apple's done it. Herbalife has done it. Pfizer wanted to do it. What could be wrong with a corporate maneuver eyed by these fine, upstanding American corporations--and nearly 50 others in the last decade? The subject is "inversions," the catch-all...
  • Lew calls for 'economic patriotism,' seeks to limit offshore tax moves

    Lew calls for 'economic patriotism,' seeks to limit offshore tax moves
    Calling for "a new sense of economic patriotism," a top Obama administration official urged Congress to take immediate action to stop U.S. companies from reorganizing as foreign firms to avoid paying taxes. The maneuver, known as tax inversion, serves...