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Earlier this month, U.S. law enforcement officials raided three
of the heavy machinery manufacturer's Illinois facilities as
part of an Internal Revenue Service probe related to profits
earned by the company's Swiss parts unit, Caterpillar SARL.
The IRS has demand that the company pay $2 billion in taxes and
penalties for profits assigned to the Swiss unit.
The unit was also the subject of a 2014 Senate committee report
that concluded Caterpillar shifted billions in profits abroad
and had $2.4 billion in taxes deferred or avoided from 2012.
"I have asked Bill - who has no prior connection with
Caterpillar - to draw on his experience ... to take a fresh look
at Caterpillar's disputes with the government," Chief Executive
Jim Umpleby said in a statement on Thursday.
Barr served as the 77th attorney general when George H.W. Bush
was president. Before that he was the deputy attorney general
and assistant attorney general in charge of the U.S. Department
of Justice's Office of Legal Counsel.
He also served for over 14 years as executive vice president and
general counsel of Verizon Communications Inc <VZ.N>.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)
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