I would argue that we should have the debate that you have put on the table.
That proves that tax avoidance is their purpose, which is exactly our point.
That runs inconsistent with your effort to pierce those shell corporations.
They want to have their cake, which is investing in commodities, and eat it, too, by not paying what the tax would be if...
the moratorium on these letters which they have sent, which gives the green light to specific mutual funds to proceed in...
We have been hurt at the pump, we have been hurt at the dinner table, and we have been hurt in our pocketbooks.
But you do agree that if they violated those income restrictions in that Tax Code Section 851, they would then have to p...
I think your statement here today is very important and hopefully will be relied upon and counted on as being factually ...
The reason that these are set up in these offshore locations is so that they can avoid that impact of that section of th...
For 10 years now, this Subcommittee has focused attention on the problem of excessive speculation in the commodity marke...
it is our joint intent that even though there may not be consensus on the effect of speculation, that there is consensus...
Now, why do you think mutual funds are setting up these corporations offshore rather than here in the United States?
Does the IRS care about people circumventing our tax laws through the use of shell/sham corporations offshore?
Well, isn't the tax that is being avoided the corporate tax which would be triggered if it was not qualified income unde...
How do we give a green light to the use of them to qualify this kind of investment under our Tax Code?
They want to avoid triggering a tax? You do not think that is the whole purpose here, they want to avoid triggering a ta...
Thank God now there is a moratorium, but you put your stamp of approval on a mechanism which is inconsistent with what y...
Will you check out that doctrine?
