Loss of tax revenue is a key cause of the problem. Shifting of profits offshore by multinational corporations is a major contributor to that problem.
Carl Levin: “Loss of tax revenue is a key cause of the problem. Shifting of profits offshore by multinational corporations is a major…”
Editor's note · Context
Levin identifies offshore profit shifting as a significant factor in tax revenue loss.
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May I inquire how much time I have remaining. The Acting CHAIR. The gentleman from Michigan has 45 seconds remaining.
I would just point out that the grants in Title II do not have mandatory partners. They require partners to the extent practicable in a given situation. Mr. Speaker, I yield 1 minute to the gentleman from Indiana (Mr. Mrvan), a member of…
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