Tom Coburn actually said...

"I believe the decision is between protecting privacy and promoting commerce, and I think we ought to be able to figure out how to do both."

"Is the purpose for setting up an offshore commodities trading firm to avoid taxes?"

"The reason they are set up in offshore is to eliminate that corporate tax on those trades, correct?"

"I think there is lost revenue because if, in fact, a mutual fund is going to invest in a company that does commodity trading and does not do it in a tax-sheltered location, they are going to pay taxes..."