So from the beginning, the decision to use CSARL and direct Caterpillar's non-U.S. profits to Switzerland was to shift profits to a low-tax jurisdiction.
Carl Levin: “So from the beginning, the decision to use CSARL and direct Caterpillar's non-U.S. profits to Switzerland was to shift…”
Editor's note · Context
Levin questioned the intent behind Caterpillar's tax strategy.
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May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.
Woman, I rise in opposition to this amendment. The Acting Chair (Ms. Pingree). The gentleman is recognized for 5 minutes.





