09/19/2012
https://www.congress.gov...
"That is correct, to 'Remove . . . from the chain of title . . . for purchased . . . parts.'"
"Is it fair to call that 'profit shifting'?"
"Now, at the same time, Pricewaterhouse performs two functions; in other words, it is Caterpillar's independent auditor, but it is also its tax consultant."
"Caterpillar is an American success story that produces iconic industrial machines. But it is also a member of the corporate profit-shifting club that has transferred billions of dollars offshore to av..."