I think the obligation of the Treasury Department here is to ensure that laws that are passed are implemented in the way that Congress intended them through regulatory activity; an...
Somehow or other you have to figure out, if there were an arm's-length deal here, what would be shifted.
You made a decision, which you have a right to do, not to bring that money home.
That agreement did two things: it shifted the economic rights, the way they had been shifted before, 30 years ago.
Is it true that you are not going to bring them home unless we reduce our tax rates?
I could not disagree with you more. Of course you shifted something, the most valuable thing you have.
Apple Inc. keeps those intellectual--those economic rights, right?
You shifted your intellectual property there. That is your choice.
Thank you very much, Senator McCaskill.
Neither one of those companies files an income tax with the United States.
There is no effort to vilify anybody. We are trying to shine a spotlight on the practices of a big company.