Skip to content
Subscriber Only

Caterpillar Says Swiss Tax Move Ended Unnecessary Expense

A Caterpillar Inc. executive defended her company’s tax maneuvers, telling a Senate panel that moving profits from its parts business to Switzerland from the U.S. was a legal and appropriate way to eliminate unnecessary expenses.

Julie Lagacy, who oversees Caterpillar’s tax operations, said the company engaged in standard, prudent business transactions.