Should they be reformed in the meantime, closed?
I think everybody would love to reform the Tax Code and reduce tax rates if we can in the process.
America stands on the edge of a fiscal cliff, and this challenge lends new urgency to a topic that this Subcommittee has long investigated.
Does that not create a presumption that this is obviously not a fair price that is being paid?
We are very much open about our appreciation to you.
Every time, though, a Microsoft product is sold, 47 percent of the sales price is sent to Puerto Rico where Microsoft pays no tax.
Would that address this gap, this discrepancy?
We need aggressive enforcement.
All right. So Microsoft Puerto Rico got $1.6 billion from Microsoft's Irish subsidiary called Round Island One. Is that correct?
I think it is highly dubious, frankly, that the loan program complies with our current tax law.
Are they rules of the IRS or is it our rules that need to be changed?