Cheerfully Brought to You By The Letters W, T, and F
Two things that happened in March:
Thing one: Three Caterpillar corporate offices were raided by federal agents from the US Attorney’s office and the IRS.
Caterpillar has been dogged by accusations that it slashed its domestic tax bill by shifting corporate profits from the United States to a subsidiary in Switzerland. A 2014 congressional investigation concluded that a scheme to move cash between the company’s American and foreign subsidiaries cut its tax bill in the United States by $2.4 billion over 13 years.
Thing two: While owing us $2.4 billion, Caterpillar gave $200,000 in contributions to members of Congress.
You might want to go see if your congressman got any money from them so you can ask him to please give it back so Caterpillar can pay their taxes like you do.
I am willing to bet my best pair of pink boots that nobody goes to jail over this. However, if you robbed a bank and then bribed the cops to look the other way, you’d never, ever get out of jail.
Thanks to Alfredo over at the Dairy Queen for the heads up.