The Subcommittee for many years has investigated how some of our most profitable corporations exploit loopholes in the U.S. tax code to shift income and profits to offshore tax hav...
But you said, ``. . . say they decide most PMs [part managers] stay in US [the United States],'' not ``move to the Unite...
We codified the economic substance doctrine in 2010 and we stated that the IRS can invalidate transactions that create n...
And this was the marketing company for Latin America, Canada, and the Caribbean?
Now, Caterpillar, in its written statement submitted to the Subcommittee, says that even if it were stipulated that the ...
Tax avoidance through the use of dubious tax loopholes costs the treasury tens of billions of dollars each year, making ...
Is it fair to call that 'profit shifting'?
Caterpillar is an American success story that produces iconic industrial machines. But it is also a member of the corpor...
Profits attributable to U.S.-created intangibles should not end up in a jurisdiction without substance.
That was its purpose. Right?
Is it not true that PwC had an ongoing program called Global Tax Optimization Program (GTOP), to reduce corporate taxes?...