Analysis

For Caterpillar, Federal Raid May Mean More Than Tax Trouble

Law360, New York (March 15, 2017, 10:23 PM EDT) -- The IRS has challenged six years of tax returns filed by Caterpillar, but tax troubles may be the least of the construction equipment giant’s problems after a massive surprise raid by federal enforcement authorities signaled the possibility of more serious financial crimes.

The March 2 raid at three Caterpillar Inc. offices in Peoria and Morton, Illinois, was carried out by officials from the criminal investigation unit of the Internal Revenue Service, the Federal Deposit Insurance Corp.'s Office of Inspector General, and the U.S. Department of Commerce's...
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