11/19/2014
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?"
"What is the justification for that except to save tax money? And that is perfectly legitimate, right?"
"So Microsoft takes some of the money that it has and sends it over to Puerto Rico."