Rob Portman actually said...

We have to reform this Code, and if we do not do that, our companies will continue to be uncompetitive.

So it sounds like all the tax planning discussed at the hearing today ultimately resulted last year in nothing more than the same global tax...

They are headquartered in South Korea that has as top corporate tax rate of 24 percent, which is 15 points lower than the U.S. corporate tax...

No other nation in the world imposes such a high barrier to bringing foreign earnings home as the United States.