Now, is that true even if the assets are totally controlled by the parent?
So that many corporations, including many of our most profitable corporations, pay no taxes. Is that correct?
It seems to me that is inconsistent with the premise of deferral because the company has no tax residence anywhere else ...
Is that an arm's-length agreement?
Where are we? How can we possibly be in a situation today where the law permits income to be allocated to a company resi...
AOI has received about $30 billion over the last 5 years, but has not filed a corporate income tax return.
I mean, if they can do it, why couldn't every multinational do the same thing?
Now, when my children were younger--I have four adult boys, but when they were younger, they were big into magic, and th...
But there is no income--there is no tax paid on the money itself that has been sent to Apple.
I do not consider deferral to be a sham or abuse in any kind of way.
I think we should take the President up on his offer to do corporate tax reform.
And the pricing, when you look at the facts and circumstances, is it also the value of what is transferred?
I think the obligation of the Treasury Department here is to ensure that laws that are passed are implemented in the way...
Somehow or other you have to figure out, if there were an arm's-length deal here, what would be shifted.
Has AOI filed a corporate income tax return in the last 5 years?
There is no effort to vilify anybody. We are trying to shine a spotlight on the practices of a big company.
The question is whether we should continue to tolerate this state of affairs, which is doing tremendous harm to our Nati...
I hope at some point, we can maybe put together a trip that actually goes and explores this firsthand.
