There is nothing heinous in that. There is nothing illegal in that.

Shouldn't that be avoided?

I think everybody would love to reform the Tax Code and reduce tax rates if we can in the process.

We are very much open about our appreciation to you.

The facts and circumstances of each case must be reviewed to determine if, in substance, there has been a repatriation of the earnings of the controlled foreign corporation.

Were they given different quarter endings so that they would be able to provide a continuous series of loans without crossing over the end quarter?

Is that something which we ought to address and end?

So of the $6.3 billion in revenues that come in from sales in the United States, $1.9 billion goes to the United States and the rest stays in Puerto Rico. Is that correct?

Was that schedule ever violated?

Would you consider two CFCs which are part of the same company, wholly owned, directed by the same desk, as to when loans would be made or could not be made?

It is a significant factor in all our transfer pricing policies, cost sharing or not.

So you never audited your own tax advice and the implementation of that advice in HP's operations?

Even though there are two technically separate corporations, they are under common control.

The resulting loss of revenue is one significant cause of the budget deficit and adds to the tax burden that ordinary Americans bear.

Would that address this gap, this discrepancy?

So the treasury decided within each fund how much and when?

It is kind of lumped together, though, in that slide.

But Microsoft Asia Island Limited, located in Bermuda, has no employees. Is that correct?

Should they be reformed in the meantime, closed?

So Microsoft takes some of the money that it has and sends it over to Puerto Rico.

You are resisting that word, but now let me take a look at your own documents.

There is no possibility with these sequences of there being a gap between available pools.

Thank you very much, Dr. Coburn.

The record will show you did not say yes. But that is OK.

If you want to say that Microsoft's tax burden in the United States is not reduced... that is aimed at reducing taxes.