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General News

Trump's "Made In America" Company May Have Dodged Taxes

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opednews.com Headlined to H3 7/17/17

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From commons.wikimedia.org: Caterpillar {MID-142389}
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A major multinational company spotlighted at a White House “Made In America” event on Monday recently laid off thousands of U.S. workers and is under Trump administration investigation over alleged tax-dodging. It’s true that construction and farming equipment manufacturer Caterpillar stores its replacement parts in Peoria, IL, where the company is headquartered, but its parts business is owned by a Swiss subsidiary, and profits derived from that business are not subject to U.S. taxes
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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