They do. So if they incorporate in Bermuda, or Barbados, or someplace else, they might try to not pay U.S. taxes on foreign income, but they are already required, under present law, to pay U.S. taxes on U.S. income; isn't that correct?
Discussing U.S. tax obligations for corporations incorporating abroad.
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Congress passed a bad law called the Windfall Profits Tax. That motivated me to run for Senate more than anything else.
We should not be giving advantages to our international competitors over our U.S.-based companies.
Uncle Sam is writing a check to Warren Buffett to produce windmills--$138 million.
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