On the recordJanuary 25, 2012
So a Cayman corporation is not subject to U.S. tax or any other corporate income tax, so they can accumulate and invest money more quickly than corporations which do pay taxes.
Source
congress.govCarl Levin: “So a Cayman corporation is not subject to U.S. tax or any other corporate income tax, so they can accumulate and invest…”
Editor's note · Context
Levin explains the tax advantages of Cayman corporations over U.S. corporations.
Share
More from Carl Levin
Feb 5, 2020
I thank Representative Pressley for being such a great champion for workers in Massachusetts and in our whole country. Madam Speaker, I now yield to the gentlewoman from Illinois (Ms. Schakowsky).
Jan 13, 2021
For 2 months, Donald Trump used the biggest megaphone in the world to organize a campaign of outright lies to overturn a free and fair election. On January 6, he summoned and incited a mob of domestic terrorists to fight like hell and sent…
Feb 6, 2020
I claim the time in opposition to this amendment. The Acting CHAIR. The gentleman is recognized for 5 minutes.
Feb 5, 2021
I would just point out that the grants in Title II do not have mandatory partners. They require partners to the extent practicable in a given situation. Mr. Speaker, I yield 1 minute to the gentleman from Indiana (Mr. Mrvan), a member of…
Other voices in this conversation
