U.S. Treasury Secretary Jack Lew highlighted the decision American companies face—stay domestic and pay taxes or go abroad for savings.» Read More
LOS ANGELES— Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. "I don't care if it's legal," Obama declared.
Treasury Secretary Jacob Lew will deliver remarks at the Inaugural Rural Opportunity Investment Conference hosted by the White House Rural Council.
Treasury Assistant Secretary for Tax Policy Mark Mazur participates in panel, "Improving Inducements for Energy Innovation" at an event hosted by the Bipartisan Policy Center, "Driving Resources into Energy Innovation" in Washington- 1530 GMT.
Democrats, searching for campaign issues before November's congressional elections, have jumped on inversions, and several of them have offered bills that would curb the deals.
LONDON- Bank of England chief economist Andy Haldane speaks at the finance policy conference on "The Costs of Short-Termism"- 1800 GMT. WELLINGTON- RBNZ Deputy Governor Grant Spencer delivers a speech on the central bank's review of prudential regulation- 0500 GMT. SYDNEY- 2nd Latin America Australia Investors Forum.
The drugmaker AbbVie has reached a deal worth roughly $55 billion to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven from tax rates back home. But the new company will be controlled by shareholders of North Chicago, Illinois- based AbbVie, who will own about 75 percent of the new company's stock.
The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.
Treasury Secretary Jacob Lew urged Congress on Wednesday to take steps quickly to discourage U.S. companies from moving their tax domiciles abroad to avoid federal taxes. "Congress should enact legislation immediately," Lew told a business conference in New York hosted by cable television channel CNBC.
CNBC's Steve Liesman discusses Treasury Secretary Jack Lew's comments on whether it's appropriate for the Fed to comment on valuations.
CNBC's Jim Cramer asks Treasury Secretary Jack Lew if it is appropriate for federal officials to comment on individual market movements.
Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about the evolution of trade agreements and the real power of China. Lew says the global economy depends on a good U.S. China relationship.
Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about corporate tax inversions.
Discussing the controversial issue of tax inversions, U.S. Treasury Secretary Jack Lew tells CNBC that U.S. companies should show some "economic patriotism." Lew spoke with CNBC on Wednesday during the Delivering Alpha conference.
U.S. Treasury Secretary Jack Lew tells CNBC that cyber-security is no longer the sole responsibility of IT departments -- CEOs need to focus on 'cyber hygiene' as well. His comments came during an interview with CNBC's Jim Cramer at the Delivering Alpha conference on Wednesday.
In a wide-ranging conversation, Treasury Secretary Jack Lew talks with CNBC's Jim Cramer about shoring up Internet safety, tax inversions, reforming GSEs, and hitting the U.S. debt ceiling.
At CNBC's Delivering Alpha Conference, Treasury Secretary Jack Lew addresses the concerns of cyberattack on the financial world.
Treasury Secretary Jack Lew, discusses how cyber intrusions are impacting and interrupting businesses and the U.S. financial systems.
Treasury Secretary Jack Lew has urged Congress to crack down on merger deals in which companies seek to relocate overseas to cut US taxes.
Treasury Secy Lew will urge financial firms to do more to protect themselves from cyberattacks in a speech at the 2014 Delivering Alpha Conference.
CNBC's Kate Kelly reports which hedge fund titans and institutional investors are expected at this year's Delivering Alpha conference. U.S. Treasury Secretary Jack Lew will deliver the opening keynote.