So does the gentleman know how much of their income has been stripped out by their use of this foreign approach of setting up their corporation abroad? In other words, he is just talking about their tax rate on the little bit of income they leave here, not on the $100 million that they shifted out on which they pay practically nothing.
Lloyd Doggett: “So does the gentleman know how much of their income has been stripped out by their use of this foreign approach of…”
On the recordJune 18, 2004
Source
govinfo.govEditor's note · Context
Discussing corporate tax rates and income shifting during a debate.
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