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Carl Levin

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  • WASHINGTON, March 28- Caterpillar Inc's offshore tax strategies will come under scrutiny on Tuesday at a U.S. Senate hearing expected to examine dealings by the world's largest mining and construction equipment maker in Switzerland, Bermuda and Luxembourg.

  • WASHINGTON, March 24- A U.S. Senate subcommittee known for investigating corporate tax avoidance said on Monday it will hold a hearing on April 1 to examine the offshore tax strategies of Caterpillar Inc, the world's largest mining and construction equipment maker.

  • Treasury debt, much of it offshore, earning them tax-free interest, the UK's Bureau of Investigative Journalism said on Thursday. The finding means Apple Inc, Microsoft Corp, Google Inc and Cisco Systems Inc hold a large proportion of the $254.9 billion held in their foreign subsidiaries in U.S.

  • Judge Harlin Hale in Dallas granted temporary bankruptcy protection to Mt. Gox, which had filed for bankruptcy protection in Japan in February. Gox said without bankruptcy protection the company would be irreparably harmed by a proposed class action in Chicago federal court and a breach of contract case in Seattle federal court.

  • WASHINGTON, Feb 27- U.S. Senate investigators have sharply criticized the implementation of a new Obama administration law meant to fight offshore tax evasion by Americans, saying that "gaping loopholes" in the law could let shell companies skirt it.

  • The Senate Permanent Subcommittee on Investigations this week alleged new misdeeds by Switzerland's Credit Suisse, citing secret meetings in luxury hotels and hidden elevators one senator said belonged in a spy novel.

  • Chaired by Democrat Carl Levin, the panel issued a report alleging misdeeds by Credit Suisse, Switzerland's second-largest bank. The report said Credit Suisse opened Swiss accounts for more than 22,000 U.S. customers with combined assets of as much as $12 billion.

  • Chaired by Democrat Carl Levin, the panel issued a report alleging misdeeds by Credit Suisse, Switzerland's second-largest bank. The report said Credit Suisse opened Swiss accounts for more than 22,000 U.S. customers with combined assets of as much as $12 billion.

  • WASHINGTON, Feb 24- The chief of Swiss bank Credit Suisse Group AG will square off on Wednesday against U.S. Levin is expected to release a report on Credit Suisse to coincide with the hearing at which bank CEO Brady Dougan and three other senior bank officers are slated to appear.

  • FACTBOX-Members of U.S. Congress who are leaving office Thursday, 13 Feb 2014 | 1:47 PM ET

    WASHINGTON, Feb 13- Forty-two U.S. representatives and senators have announced plans to leave their seats in Congress in advance of mid-term elections in November, including 24 Republicans and 18 Democrats. The latest to announce his departure was Representative Doc Hastings, a 10- term Republican from Washington state.

  • Senate Leaders in Deal to (Sort of) Muzzle Filibusters Thursday, 24 Jan 2013 | 4:07 PM ET
    Mr. Smith Goes to Washington

    The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."

  • WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.

  • Senator Carl Levin on JPMorgan     Friday, 11 May 2012 | 12:00 PM ET

    Senator Carl Levin, (D-MI), a co-author of the Volcker Rule, discusses his understanding of JPMorgan's $2 billion trading loss, with CNBC's John Harwood.

  • Crude of All Evil? How Oil is Fueling Some Tough Choices Wednesday, 22 Feb 2012 | 9:24 AM ET

    Should the U.S. be doing business with countries that are rich in resources — and friendly —but accused of corruption and human rights violations?

  • Sen. Carl Levin, D-Mich.

    Shielding assets from the tax man or from overly inquisitive regulators is a time-honored strategy for the wealthy. Some turn to secretive financial havens like Switzerland or the Cayman Islands. Or there’s always Fernley, Nevada.

  • 11 Public Figures Who Have Been Pied Tuesday, 19 Jul 2011 | 2:30 PM ET
    During his testimony before the British Parliament regarding News Corp.’s phone-hacking scandal, an attempt was made to hit the company’s founder, Rupert Murdoch, with Murdoch and News Corp. are controversial globally, and throwing pies is a response often chosen by protestors to voice their disagreement with public figures. It is being reported the assailant was comedian Johnnie Marbles, who in the past has called Murdoch a “greedy billionaire.” So what other public figures have been hit by pie

    During his testimony before the British Parliament ran attempt was made to hit Rupert Murdoch, with a pie. So, which other public figures have been hit by pies?

  • Hedge Fund Tax Proposal     Tuesday, 5 Jul 2011 | 12:55 PM ET

    Are hedge funds paying their fair share of taxes? One powerful senator doesn't believe they are giving Uncle Sam his fair share. John Carney, CNBC.com frames the debate.

  • GS: Government Probes Biz Fallout     Monday, 13 Jun 2011 | 1:20 PM ET

    Discussing the business impact from the slew of government probes into Goldman's trade activities, with David Trone, JMP Securities; Jeffery Harte, Sandler O'Neill; and CNBC's Kate Kelly

  • Levin in ‘Real Hope’ of Fresh Goldman Probe Thursday, 19 May 2011 | 1:38 AM ET
    Goldman Sachs

    Carl Levin, chairman of the Senate investigative subcommittee, said there was “real hope” law enforcement authorities would act on his panel’s report accusing Goldman Sachs of misleading investors and Congress, the FT reports.