Political Quotes

“to pick up on my colleague's comments about fairness, one of the provisions in this legislation deals with closing the loophole for KBR, a former Halliburton subsidiary, that used the Cayman Islands to avoid paying taxes. And that is, it was discovered that in fact KBR, they're a company that was doing its operations in Iraq, was not paying and consciously set up a company in the Cayman Islands, just a post office box, set up a company to avoid paying Social Security, Medicare, and unemployment insurance, which is how they became the low bid. It is the company, by the way, I'm sure you remember this, that served contaminated water to our troops, costing the taxpayers more money to take care of the health of those troops. They set up an operation in the Cayman Islands, and in fact, their post office was Post Office Box 847, One Capital Place, 4th Floor, Shedden Road, Grand Cayman, Cayman Islands, KY1-1103. And the reason they were the low bidder? They didn't pay their fair share. And the truth is the American people care about two things when it comes to American taxes: Simplicity of the code and fairness. And this is an example of the unfairness of our code. In fact, if you look at the Ugland House in the Cayman Islands, one building houses 12,000 companies who have established post office boxes or ZIP codes or modems there, and the only purpose they're there for is to avoid paying their fair share of their taxes.”