Is there any rational company that would give up 85 percent of ongoing profits in a business that has been highly profitable?
First of all, without doubt we have to reform our tax code. It is long overdue.
the allocation of profits shifted from 15 percent to approximately 85 percent.
Is it not true that PwC had an ongoing program called Global Tax Optimization Program (GTOP), to reduce corporate taxes? Is that true?
Caterpillar is an American success story that produces iconic industrial machines. But it is also a member of the corporate profit-shifting ...
And this was the marketing company for Latin America, Canada, and the Caribbean?
So the advantage to Caterpillar Inc. would be that it would pay less Federal income tax?
To migrate the profits from CAT Inc. to a low-cost marketing company. Is that what it says?
The 1999 transaction significantly changed how profits were allocated for tax purposes.
The Subcommittee for many years has investigated how some of our most profitable corporations exploit loopholes in the U.S. tax code to shif...
So you use words, too, 'low-tax [marketing] countries'? Don't you ever use those words?