Carl Levin

Carl Levin News

  • Lerner Replaced on Acting Basis Day After Not Testifying

    Updated 24 minutes ago

    The Internal Revenue Service has replaced Lois Lerner, the official at the center of the controversy over the agency’s scrutiny of small-government groups seeking tax-exempt status.

  • Lockheed F-35 Cost Declines 1.1%, Pentagon Estimates

    Updated 1 hour, 12 minutes ago

    The development and production cost of Lockheed Martin Corp.’s F-35 fighter, the Pentagon’s most expensive weapons program, has decreased by 1.1 percent, primarily because of reduced labor rates, according to the Pentagon’s latest cost estimates.

  • Explaining Apple’s Irish Tax Dodge

    The outrageous part about Apple Inc.’s audacious tax strategies isn’t whether they are legal. They may well be. More upsetting are the ruses and contrivances that Apple used to pull them off.

  • IRS Hearings Show Lawmakers’ Outrage With Little Revealed

    Updated 12 minutes ago

    Republican lawmakers are seeking answers after the first round of congressional hearings on the Internal Revenue Service’s scrutiny of small-government groups failed to show why the practice started and who was behind it.

  • Levin Says Tax Changes Should Focus on Unjustified Breaks

    Updated 12 minutes ago

    Democratic Senator Carl Levin said an overhaul of the U.S. tax code would be difficult to accomplish and instead lawmakers should focus on curbing “unjustified” tax breaks.

  • Cash Piles Up as U.S. CEOs Play Safe With Slow-Growth Economy

    Any lament that U.S. executives are sitting on cash at their companies instead of investing in plants and equipment may be about to get louder.

  • Apple Tax Grilling Becomes Cook’s Latest Testing Crisis

    Updated 1 hour, 28 minutes ago

    Tim Cook’s tenure at the helm of Apple Inc. has been a crash course in crisis management.

  • Cook Defending Apple Puts Loophole-Closing Back on Agenda

    Updated 1 hour, 28 minutes ago

    A congressional hearing into Apple Inc.’s use of offshore tax shelters called attention to how U.S. companies lower their taxes, and underscored the difficulty Congress confronts when trying to end the practice.

  • Apple’s Taxes Expose the Rotten U.S. Code

    Updated 1 hour, 13 minutes ago

    When Apple Inc.’s chief executive officer, Tim Cook, bragged to a U.S. Senate subcommittee this week about his company’s culture of innovation, he probably hoped people would think of Apple’s gadgets, not its tax strategies.

  • Apple CEO Cook Rebuts $9 Billion Tax-Avoidance Claim

    Updated 1 hour, 28 minutes ago

    Apple Inc. Chief Executive Officer Tim Cook defended his company’s use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments.

Advertisement
Sponsored Links
Advertisement
Curation software by Lingospot