Caterpillar, the construction-equipment giant that saw three of its central Illinois facilities raided last week by federal law enforcement, was accused of tax and accounting fraud in a report commissioned by the government. The New York Times said it viewed the report, which has not been made public or made available to Caterpillar. Robinson, who based her findings on publically available and internal financial data, reportedly estimated that Caterpillar failed to report $7.9 billion in structured loans for tax purposes. A spokeswoman from Caterpillar told The Times the company did not receive a copy of the report and made no further comment. The paper reported that the company’s tax strategies have saved it billions of dollars.

Source: Fox News March 08, 2017 08:29 UTC