Caterpillar Set to Defend Its Tax Bill

As millions of Americans prepare to file their income-tax returns, Caterpillar Inc. officials this week will try to make the case that the company fully shares their pain. Caterpillar already has said its effective income-tax rate is relatively high at about 29% despite those strategies. The subcommittee's chairman, Sen. Carl Levin, a Michigan Democrat, has long decried the ability of corporations to elude taxes through what he has called "complex structures, dubious transactions and legal fictions." The subcommittee report on Caterpillar's tax practices is due Monday.



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