Caterpillar Inc
Caterpillar is an American producer of mining construction and operation equipment, diesel and natural gas motors, and industrial gas turbines. It is the world's largest construction equipment manufacturer, ranking 58th on the Fortune 500 (2019).ref Net sales break down by activity as follows:
- 94.7%: Sale of machines and motors: terracing and construction machines (power shovels, high-lifts, bulldozers); agricultural and forestry tractors, motors and turbines for heavy trucks, boats, industrial machines, and power stations; conveyer systems, hydraulic circuits and components.
- 5.3%: Financial services.
Tax Policy: engages in aggressive offshore tax avoidance measures; eg. avoided ~$1bn between 2007-2009.[1][2] "Auditors" PwC are the architects of Caterpillar's tax avoidance schemes.[3]
Member of the World Coal Association
Corporate Social Responsibility: Caterpillar: The Alternative Report War on Want's alternative company report examines Caterpillar's idea of corporate social responsibility, its part in the destruction of thousands of Palestinian homes, and the construction of the illegal separation wall. War on Want, Mar.2005.
Company
- 9.76% Capital Research & Management Company
- 8.77% Vanguard Group Inc
- 8.14% SSgA Funds Management Inc
- 3.49% State Farm Investment Management Corporation
- 3.38% HSBC Global Asset Management (Hong Kong) Ltd
- 2.39% BlackRock Fund Advisors
- 2.05% Bill & Melinda Gates Foundation Trust]
- 1.69% PRIMECAP Management Company
- 1.38% Geode Capital Management LLC
- 1.30% Sanders Capital LLC
- 1.24% Northern Trust Investments Inc
Caterpillar Global Mining
Timeline
Articles
- Oct.28.2006: Business buys the G&Ts. Summer schools for ‘gifted and talented’ teenagers are attracting growing corporate sponsorship. Does it matter who those sponsors are? Rosie Walker, Red Pepper.
References
- ^ Caterpillar’s Tax Liability From Overseas Unit Could Grow. IRS proposed $1 billion in levies for 2007-2009, but questions remain over past 5 years. James R Hagerty, Wall Street Journal, Feb.24.2015.
- ^ Feds search Caterpillar HQ. Claire Bushey, Chicago Business, Mar.02.2017.
- ^ The Whistleblower Behind Caterpillar’s Massive Tax Headache Could Make $600 Million. Bryan Gruley, David Voreacos, Joe Deaux, Bloomberg Businessweek, Jun.01.2017.