09/27/2010
https://www.congress.gov...
"That runs inconsistent with your effort to pierce those shell corporations."
"That proves that tax avoidance is their purpose, which is exactly our point."
"I would argue that we should have the debate that you have put on the table."
"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."