| Nov 16, 2011
| 4:42 PM
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...
| Sep 24, 2014
| 2:05 PM
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...
| Sep 23, 2014
| 2:49 PM
(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...
| Sep 20, 2014
| 10:46 AM
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...
| Sep 19, 2014
| 10:51 AM
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...
| Aug 25, 2014
| 6:13 PM
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...
| Aug 25, 2014
| 7:35 AM
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...
| Aug 2, 2014
| 5:00 AM
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....
| Jul 30, 2014
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...
| Jul 29, 2014
| 10:27 AM
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...
| Jul 8, 2014
| 1:49 PM
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...
| Jul 16, 2014
| 8:27 AM
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...