How many days were there loans outstanding?
Is the reason it is located in Bermuda to reduce taxes?
Our code is far too complex, and I also agree that the fact that you try to lower your taxes is not illegal in and of itself.
There is also another factor, that we are not going to be able to compete with a zero or a 2-percent or a 4-percent tax rate, are we?
So Microsoft, which globally put a consolidated bank account there and balance sheet, is, you say, risking some of its own money--fair enoug...
Are they litigated in Bermuda?
Is there any limit under the current regulations to what percentage could be attributed to an offshore wholly owned corporation?
I do not recall a loan being made that was not in accordance with the guidelines.
We have to do something about it.
You are not in a position to tell us what the policy is of the Treasury Department, I gather.
Is there a way--and I do not want to misstate Dr. Coburn's question because he states them better than I can.