Washington Post: How a GOP tax plan would help Caterpillar after a raid by federal agents

“Caterpillar appears to have elevated international tax avoidance to an art form,” said Matt Gardner, the former director of the left-leaning Institute on Taxation and Economic Policy. “From that perspective, this plan is exactly backwards. It would leave the barn door wide open for companies like Caterpillar to continue shifting their profits on paper offshore.”

A newly enacted border adjustment, however, would not free Caterpillar from the controversy over what the IRS describes as unpaid taxes under the current system. Read more