Report: Caterpillar accused of tax fraud

Posted on March 8, 2017

By Eric Stock

PEORIA – A report in the New York Times said the federal government is accusing Caterpillar of tax and accounting fraud.

The federal government has commissioned a report which said the heavy equipment company avoided paying billions in U.S. taxes through its Swiss subsidiary. The paper said it’s unclear if the government will act on those findings.

The Times reports it is extremely rare for an international company to be accused of fraud. Federal agents raided three Caterpillar offices in the Peoria area last week. A spokesperson for Caterpillar said the company has not received a copy of the report.

Eric Stock can be reached at [email protected].

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