08/04/2015
https://www.congress.gov...
"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 rate of 39.5 percent."
"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 rate as your main foreign competitor."
"We have to reform this Code, and if we do not do that, our companies will continue to be uncompetitive."
"Our letter asked for the IRS to give us assurance that this recent string of inquiries is consistent with the IRS's treatment of tax-exempt organizations across the political spectrum."