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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

But, again, that would eliminate the inability--and that is basically what we have had.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

In other words, there is an assumption that because Apple made a really good deal with the overseas taxing authorities that that is somehow bad for America.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

So do you really think there is a fix to it?

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

Who are these people? Is there a Mr. Apple out there? No. It is us.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

Do you end up having to negotiate between the States in terms of who gets to claim what percentage of your income?

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

So we need to make sure that we are very competitive globally, and when we are competing against tax jurisdictions around the world that are willing to cut a deal, should corporations take advantage of that?

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Gwen Moore
@gwenmoore· Democratic · WI· May 20, 2013

There was a sincere effort to try to make sure that we did something to promote transparency.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

So the U.S. Government, you could argue, will be a net beneficiary if we ever get our tax house in order.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

We are punishing ourselves. And if we want to grow America, we want more companies to succeed in our country, make money welcome.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

Can you describe your shareholders, in general?

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

But I think Congress needs to face up to the issue and make some tough policy calls.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

I think most economists would tell you that if you develop the technology in the United States then the United States would expect to get the lion's share or substantially all of the income with respect to that technology.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

So that is getting close to about $2 billion in total.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

I would point out--I think this is true--that if we ever do tax reform, if we ever do incentivize companies to start bringing some of that money back home...

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

And they are looking at all this corporate structure, they are looking at all the transfer prices, and they are basically giving you the nod, saying that you are following tax law.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

So even the top 50 percent is widely dispersed, and those are large funds that also have a very diverse shareholder base in those funds.

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Ron Johnson
@ronjohnson· Republican · WI· May 20, 2013

But, generally, if you are manufacturing in Texas, even though you might have produced a product in New York, you are probably going to be taxed--well, Texas may be wrong. Let us say Wisconsin.

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