Carl Levin actually said...

"Are they rules of the IRS or is it our rules that need to be changed?"

"Shouldn't the IRS then aggressively require a justification for that kind of a gap?"

"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..."

"There is also another factor, that we are not going to be able to compete with a zero or a 2-percent or a 4-percent tax rate, are we?"