Government Agencies Treasury Department


  • ST. LOUIS, April 6- The U.S. Treasury Department intends to soon issue a long-delayed rule forcing banks to seek the identities of people behind shell-company account holders, after the "Panama Papers" leak provoked a global uproar over the hiding of wealth via offshore banking devices. A department spokesman said on Wednesday the rule would "soon" be turned over to...

  • Pennsylvania Avenue at dusk, Washington D.C.

    As the U.S. government looks to curb tax inversions these experts discuss the implications of new laws.

  • Kenneth Frazier, CEO of Merck.

    Merck CEO Kenneth Frazier said a flawed corporate tax system drives inversion deals that have drawn the government's ire.

  • Cramer: Thank the Treasury for accidental rally

    Jim Cramer says the bulls should be thanking the Treasury & Justice departments, as they accidentally sparked a rally in these stocks.

  • Merck CEO: Current tax system makes US companies uncompetitive

    Merck CEO Kenneth Frazier talks with CNBC's Meg Tirrell about his company's avoidance of tax inversion deals, as well as his views on the M&A environment and drug pricing.

  • Is the government targeting M&A?

    Discussing how moves like the Treasury's new tax inversion rules could affect mergers and acquisitions going forward with Martin Okner, SHM Corporate Navigators Managing Partner, and Nicholas Fortuna, Partner at Allyn & Fortuna

  • The measures have already felled the $160 billion merger of U.S. drugmaker Pfizer Inc and Ireland- based Allegan Plc. It was not clear whether either company or anyone else would sue the Treasury Department. The head of the largest U.S. business lobbying group, U.S. Chamber of Commerce President Tom Donohue, floated the possibility on Wednesday when he told CNBC...

  • America's 'hot mess' tax code

    CNBC contributors Jared Bernstein and James Pethokoukis react to the regulatory change by the Treasury on taxes.

  • U.S. Chamber of Commerce President Tom Donohue said on CNBC that among the questions he has asked people about the rules are, "What is the scope of their authority, and is it something you'd sue about?" The regulations, issued by the Treasury Department, have thrown into doubt the viability of tax-evading deals known as inversions and have already felled a would-be...

  • A man clears away leaves outside buildings on The Apple campus in Cork, southern Ireland.

    Washington calls foul over the EU inquiry into the tech company's multi-billion dollar offshore tax arrangement, the Financial Times reports.

  • April 5- Drugmakers Pfizer Inc and Allergan Plc will mutually terminate their merger early Wednesday morning, according to a source familiar with the matter. The U.S. Treasury Department had taken fresh steps on Monday to curb tax-driven corporate inversions whereby companies seek to slash their tax bills by redomiciling overseas, though their core...

  • April 5- Minneapolis Federal Reserve president Neel Kashkari, who is pushing the government to consider breaking up the country's biggest banks, has booked former Federal Reserve chairman Ben Bernanke to speak at his second conference. Kashkari, a former top Treasury Department official who became president of the Federal Reserve Bank of Minneapolis...

  • Pro: Treasury, IRS seem to be targeting AGN-PFE deal

    CNBC's Meg Tirrell and Ipsita Smolinski, Managing Director and Health Care Analyst at Capitol Street, discuss the implications for the Allergan/Pfizer deal and other multinational companies with the new tax inversion rules from the Treasury Department.

  • President Barack Obama on Tuesday urged Congress to take action to stop U.S. companies from taking advantage of tax loopholes that allow them to avoid paying taxes. The U.S. Treasury Department took more decisive actions to crack down on inversions late on Monday, that imperils a number of proposed mergers, including Pfizer Inc's $160 billion agreement to buy...

  • Rep. Brady on tax inversions

    CNBC's John Harwood speaks with House Ways and Means Committee Chairman Rep. Kevin Brady (R-Tex.) about stopping tax inversions.

  • Allergan deal in trouble

    CNBC's Meg Tirrell reports the deal between Pfizer and Allergan is likely not going forward due to new inversion rules released by the Treasury Department.

  • WASHINGTON, April 5- President Barack Obama will deliver a statement at 12:15 ET on Tuesday on the economy following Monday's Treasury Department announcement on corporate tax inversions, the White House said.

  • NEW YORK, April 5- The U.S. Treasury Department proposed new tax regulations late on Monday that threw a series of proposed mergers into question, including Pfizer Inc's $160 billion agreement to buy Allergan Plc, causing Allergan shares to fall sharply. Pfizer's deal to buy Dublin- based Allergan, the maker of Botox, aimed to create the world's largest drugmaker...

  • NEW YORK, April 5- Shares in Allergan Plc opened down more than 15 percent on Tuesday, a day after the U.S. Treasury Department proposed new tax regulations that analysts said could kill its $160 billion agreement to be bought by Pfizer Inc.. Pfizer's deal to buy Dublin- based Allergan was conceived under rules that would have allowed the company to move its...

  • WASHINGTON/ NEW YORK, April 4- The U.S. Treasury Department took new steps on Monday to curb tax-avoiding corporate "inversions," with the pending $160 billion merger of Pfizer Inc and Allergan Plc seen as a potential casualty. Shares of Dublin- based Allergan fell 22 percent in after-market trading, while shares of New York- based Pfizer rose 3 percent.