This Subcommittee has demonstrated in hearings and comprehensive reports how various schemes have helped to shift income...
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...
The record will show you did not say yes. But that is OK.
There is nothing heinous in that. There is nothing illegal in that.
The resulting loss of revenue is one significant cause of the budget deficit and adds to the tax burden that ordinary Am...
Would that address this gap, this discrepancy?
We need aggressive enforcement.
All right. So Microsoft Puerto Rico got $1.6 billion from Microsoft's Irish subsidiary called Round Island One. Is that ...
I think everybody would love to reform the Tax Code and reduce tax rates if we can in the process.
I wonder if it would be agreeable to you, Senator, and also to Dr. Coburn, if we ask actually the Social Security Admini...
Let us know what you find.
That is where our big backup is, at the administrative law judge level.
Were you surprised by that figure, 22 percent?
