But assuming they do not eliminate--I do not disagree at all, but assuming that exception is going to remain, would it n...
Why don't you do that.
It cannot be a short period.
That is all right. I think that is as much as we are going to get on that one.
Two pools, both HP pools, were given a common schedule.
Is that what you mean by sequence?
We see in the Microsoft case a very significant transfer of revenue and profit overseas to a wholly owned subsidiary in ...
You do not have any people in Bermuda, do you?
This Subcommittee has demonstrated in hearings and comprehensive reports how various schemes have helped to shift income...
Would you agree that if this were one pool it would not comply with Section 956?
Our code is far too complex, and I also agree that the fact that you try to lower your taxes is not illegal in and of it...
The Congress is to blame for some of this.
What rule would you change?
What is the justification for that except to save tax money? And that is perfectly legitimate, right?
So Microsoft takes some of the money that it has and sends it over to Puerto Rico.
Is it then clearly in Microsoft's interest in terms of reducing U.S. taxes to have its offshore subsidiaries pay as litt...
But the absence of an accounting standard to guide people, is not troubling to you when your job is to put out standards...
We have to do something about it.
