On the recordJanuary 25, 2012
The reason they are set up in offshore is to eliminate that corporate tax on those trades, correct?
Source
congress.govThe reason they are set up in offshore is to eliminate that corporate tax on those trades, correct?
Coburn questions the offshore setup of mutual funds to avoid corporate taxes.
Share & report
More from Thomas Coburn
You beat the crap out of them when something goes wrong, so their underlying statement is never do what is best when you can do what is safe.
Right now, the unfunded liabilities of this country, with its debt, are $142 trillion.
What we need is a simpler, fairer, and flatter tax code, so that everybody pays something.
That is not partisan. That is just due to the fact that there is not a commitment to reconciliation and working together to get things done.