07/21/2014
https://www.congress.gov...
"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."
"Tax avoidance through the use of dubious tax loopholes costs the treasury tens of billions of dollars each year, making it harder for us to invest in the education, innovation, and infrastructure that..."
"That was its purpose. Right?"
"The Subcommittee for many years has investigated how some of our most profitable corporations exploit loopholes in the U.S. tax code to shift income and profits to offshore tax havens, thereby denying..."