America stands on the edge of a fiscal cliff, and this challenge lends new urgency to a topic that this Subcommittee has long investigated.
Should they be reformed in the meantime, closed?
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?
The record will show you did not say yes. But that is OK.
There is nothing heinous in that. There is nothing illegal in that.
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.
So the answer to the question is, even before the PCAOB guideline, you never audited work where you had made recommendations or consulted wi...
When and how much of the offshore cash pools would be utilized closely coordinated by both of those offices?
So there should be no loans between the two as that might give the IRS the argument that the CFC was merely a conduit for repatriating funds...