Caterpillar Inc's shares were flat in premarket trading on Friday, suggesting investors had put aside the company's tax risk as old news, a day after federal law enforcement officials searched three of its facilities.
Machinery manufacturer Caterpillar Inc.'s facilities in Peoria, Illinois, were searched on Thursday by law enforcement officials executing a search warrant, a Caterpillar representative said.
Internet giant Yahoo! Inc. announced yesterday that the IRS will not grant the private letter ruling the company requested in regards to the proposed tax-free spin-off of its remaining stake in Alibaba Group Holding Ltd.
With almost all the results finally in, the official winner of the 2014 election is now clear: something called "dark money," which reached record levels this year.
Purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of gross income for the coffee shop.
The U.S. Internal Revenue Service should give taxpayers clear rules on how it will handle transactions involving Bitcoin and other digital currencies, Nina Olson, the National Taxpayer Advocate, said today.
