Carl Levin actually said...

"If a shell entity is incorporated in a foreign tax jurisdiction, can it be disregarded for U.S. tax purposes?"

"Active income deferred, passive income was not supposed to be deferred. Is that correct?"

"This is the first time that we have ever come across entities that have no tax residence."

"The facts are mighty clear to me that loopholes in our tax laws and regulations allow many companies, including Apple, to shift enormous amounts of income from this country to other countries where th..."