04/22/2010
https://www.congress.gov...
"I think it is highly dubious, frankly, that the loan program complies with our current tax law."
"Are they rules of the IRS or is it our rules that need to be changed?"
"Is it not then in Microsoft's tax interest in terms of reducing its taxes to enter into an agreement which has little coming back to the United States?"
"Well, how can an arm's-length standard be applied when you have a wholly owned subsidiary, a controlled foreign corporation, where you are setting some kind of a price for an asset that is being trans..."