In annual tax filings, Caterpillar has revealed that the U.S. Internal Revenue Service (IRS) has increased proposed back taxes and fines in a case surrounding an alleged offshore tax plan to $2.3 billion. The company contends, however, that it operated within tax laws and will continue to fight the case.
Caterpillar Inc.100 North East Adams Street
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For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment