Caterpillar avoided $2.4 billion in taxes, report claims

http://money.cnn.com/2014/03/31/pf/taxes/caterpillar-tax-strategies/index.html?iid=HP_LN

Caterpillar, the maker of industrial equipment, avoided or deferred $2.4 billion in U.S. taxes over a 13-year period by shifting profits to a Swiss affiliate, a Senate subcommittee majority report asserted Monday.