Offshore Profit Shifting and the U.S. Tax Code
Permanent Subcommittee on Investigations
Location: Room G-50, Dirksen Senate Office Building
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Member Statements
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Chairman, Permanent Subcommittee on Investigations CARL LEVIN D (MI)Download Statement (454.5 KB)
Agenda
The Permanent Subcommittee on Investigations has scheduled a hearing, “Offshore Profit Shifting and the U.S. Tax Code” on Thursday, September 20, 2012, at 2:00 p.m., in Room G-50 of the Dirksen Senate Office Building.
The Subcommittee will examine the shifting of profits offshore by U.S. multinational corporations and how such activities are affected by the Internal Revenue Code and related regulations. Witnesses will include representatives from the Internal Revenue Service, the Financial Accounting Standards Board, multinational corporations, and an accounting firm.
Witnesses
PANEL ONE:
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STEPHEN E. SHAYDownload Testimony (79 KB)Harvard Law SchoolCambridge, MA
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REUVEN S. AVI-YONAHDownload Testimony (38.8 KB)Irwin I. Cohn Professor of LawThe University of Michigan School of LawAnn Arbor, MI
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JACK T. CIESIELSKIDownload Testimony (216.1 KB)PresidentR.G. Associates, Inc.Baltimore, MD
PANEL TWO:
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BILL SAMPLEDownload Testimony (112.3 KB)Corporate Vice President for Worldwide TaxMicrosoft CorporationRedmond, WA
PANEL THREE
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BETH CARRDownload Testimony (163.6 KB)Partner, International Tax ServicesErnst & Young LLPNew York, NY
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LESTER EZRATIDownload Testimony (210.6 KB)Senior Vice President and Tax DirectorHewlett-Packard CompanyPalo Alto, CA
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Accompanied by: JOHN N. McMULLENDownload Testimony (210.6 KB)Senior Vice President and TreasurerHewlett-Packard CompanyPalo Alto, CA
PANEL FOUR
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THE HON. WILLIAM J. WILKINSDownload Testimony (20.3 KB)Chief CounselInternal Revenue ServiceWashington, DC
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Accompanied by: MICHAEL DANILACKDownload Testimony (20.3 KB)Deputy Commissioner (International) of the Large Business and International DivisionInternal Revenue ServiceWashington, DC
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SUSAN M. COSPERDownload Testimony (277.5 KB)Technical DirectorFinancial Accounting Standards BoardNorwalk, CT