Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying...
A senior Google executive defended his company's complicated structure before Britain's Parliament, denying charges that it was misleading authorities to dodge paying tax.
Wedbush maintained Durata Therapeutics (NASDAQ: DRTX) with an Outperform rating and raised the price target from $20.00 to $26.00.
Wedbush noted, "DRTX reported 2012 EPS of ($7.48), compared to our ($4.66) estimate, largely on average share...
The New York attorney general, Eric T. Schneiderman, has subpoenaed more than a dozen firms seeking documents that would reveal whether they converted certain management fees collected from investors into fund investments, which are taxed at a far...
At least a dozen U.S. private equity firms have been subpoenaed by the New York state attorney general as part of a probe into whether a widely used tax strategy that saved these firms hundreds of millions of dollars is proper, a source familiar...
The New York attorney general is investigating whether private equity firms converted fees into investments to reduce their tax bills, raising pressure on an industry bruised by the campaign season.