Tax
Mar. 14, 2017
IRS has special agents, too
The IRS recently raided Caterpillar's headquarters over its offshore tax practices. As the investigation plays out, it is worth asking how most Americans would react to IRS agents seizing their computers and documents. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
The IRS recently raided Caterpillar's headquarters over its offshore tax practices. Caterpillar was almost surely surprised by the raid, which (after all) makes the execution of a search warrant much more effective. But in some sense, the company has been in the hot seat for years over whether it inappropriately shifted its corporate profits from the U.S. to a Swiss subsidiary.
A 2014 congressional investigation concluded ...
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