Caterpillar avoided $2.4 billion in taxes, report claims

Caterpillar avoided $2.4 billion in taxes, report claims.

NEW YORK (CNNMoney) — Caterpillar, the maker of industrial equipment, avoided or deferred $2.4 billion in U.S. taxes over a 13-year period by shifting profits to a Swiss affiliate, a Senate subcommittee majority report asserted Monday.

Peron says—-I’m all for lowering the corporate tax rate BUT these corporations need to start paying their fair share of taxes too and stop avoiding them by doing some slick accounting.  

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