Carl Levin actually said...

"Well, how can an arm's-length standard be applied when you have a wholly owned subsidiary, a controlled foreign corporation, where you are setting some kind of a price for an asset that is being trans..."

"There is also another factor, that we are not going to be able to compete with a zero or a 2-percent or a 4-percent tax rate, are we?"

"Is the reason it is located in Bermuda to reduce taxes?"

"Are they litigated in Bermuda?"