02/25/2014
https://www.congress.gov...
"We see in the Microsoft case a very significant transfer of revenue and profit overseas to a wholly owned subsidiary in some cases that has no employees whatever."
"You do not have any people in Bermuda, do you?"
"This Subcommittee has demonstrated in hearings and comprehensive reports how various schemes have helped to shift income to offshore tax havens and avoid U.S. taxes."
"Our code is far too complex, and I also agree that the fact that you try to lower your taxes is not illegal in and of itself."