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Carl Levin criticizes Caterpillar for off-shore banking

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Caterpillar Inc former Senior International Tax Manager Rodney Perkins (L-R), Vice President for Finance Services Julie Lagacy and Chief Tax Officer Robin Beran are sworn in to testify at a U.S. More...
Credit: REUTERS/Jonathan Ernst
Caterpillar Inc former Senior International Tax Manager Rodney Perkins (L-R), Vice President for Finance Services Julie Lagacy and Chief Tax Officer Robin Beran are sworn in to testify at a U.S. More... Credit: REUTERS/Jonathan Ernst

WASHINGTON D.C. (WKZO) -- Michigan Senator Carl Levin says Caterpillar designs, manufactures, warehouses and ships all the parts for its heavy equipment from the U.S. but banked the profits in Switzerland to avoid U.S. taxes.

But a Caterpillar Executive Robin Beran insisted that was where it belonged.

Levin says there should be a law against this.

But Senator Rand Paul says if the U.S. Cut business taxes, the money would stay at home or at least some of it would.

Other senators say its not fair that companies can “off-shore” profits but that individual taxpayers cannot.

UNDATED (WKZO) -- Area Police agencies are warning folks to avoid trash heaps along the side of the road. Now that the snow has melted, meth dump sites have appeared, especially along rural roadways. That pop bottle that may be worth a dime at the grocery store could leave you with severe burns if it was once used for a one-pot meth cook. If you see something with empty pill packets and pop bottles with residue from some unknown chemical, call police and they will send a unit trained to clean it up.

LANSING (WKZO) -- Michigan now has expanded Medicaid and while they don’t expect to have the same problems with enrollment that Obamacare had, they do face their own set of challenges. 477-thousand residents now qualify for healthcare coverage for the first time ever. They work the minimum wage jobs that don’t offer coverage, and because of their low wages, can’t afford to buy it on their own. State Health Dept. Spokesperson Angela Minicuci says this group is difficult to reach to let them know about the new program, because they don’t have access to the internet or other information resources. The coverage they are offering is fairly comprehensive.Its not just catastrophic care, it covers dental, eye glasses, hospital stays, prescriptions, emergency care and does it with minimal co-pays and premiums. It’s called the Healthy Michigan program and can be accessed by phone, on-line or in person.4,152 people were enrolled for the program on its initial sign up day.

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