So that many corporations, including many of our most profitable corporations, pay no taxes. Is that correct?
Now, is that true even if the assets are totally controlled by the parent?
This is the first time that we have ever come across entities that have no tax residence.
Active income deferred, passive income was not supposed to be deferred. Is that correct?
The result of continuing that in 2008 and 2009 is most of your profits worldwide are now in three Irish companies that you control that do n...
We have to change this system. But in order to change it, we have to understand it, not deny it.
The facts are mighty clear to me that loopholes in our tax laws and regulations allow many companies, including Apple, to shift enormous amo...
If a shell entity is incorporated in a foreign tax jurisdiction, can it be disregarded for U.S. tax purposes?
Do we have or do you have an obligation to stop multinational corporations from shifting income to tax haven jurisdictions?
You would agree it is correct.
It is not right, to leave that decision, it seems to me, the way it is decided so unilaterally, that a company can shift its value to a plac...