03/14/2012
https://www.congress.gov...
"So we need to make sure that we are very competitive globally, and when we are competing against tax jurisdictions around the world that are willing to cut a deal, should corporations take advantage o..."
"I do not recommend that we tax worldwide income, at least at the full U.S. tax rate."
"But in the end, Apple is selling a product, and so you are really talking about where do you tax the manufacturing income."
"But, again, that would eliminate the inability--and that is basically what we have had."