04/22/2010
https://www.congress.gov...
"Any way they want, they can shift all that income overseas?"
"And the justification for that under current law should be required, should it not?"
"So Microsoft, which globally put a consolidated bank account there and balance sheet, is, you say, risking some of its own money--fair enough--assigning some of that risk to a Bermuda entity to reduce..."
"Would you agree that if this were one pool it would not comply with Section 956?"