Carl Levin actually said...

"If a transaction is only done for tax reasons, is it appropriate for the IRS to disallow such a transaction when it does not have a business purpose but is being done to shift profits to avoid tax?"

"The question is whether we should continue to tolerate this state of affairs, which is doing tremendous harm to our Nation's fiscal health."

"So that many corporations, including many of our most profitable corporations, pay no taxes. Is that correct?"

"Now, is that true even if the assets are totally controlled by the parent?"