11/19/2014
https://www.congress.gov...
"And would any reasonable business have entered into the type of exchange that occurred here?"
"So you use words, too, 'low-tax [marketing] countries'? Don't you ever use those words?"
"The 1999 transaction significantly changed how profits were allocated for tax purposes."
"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..."