Today will come to order. Good morning and welcome. We find ourselves this morning with a bit of challenge on the house floor. Votes may start within five minutes. Multiple role call votes may be up to one and a half hours voting on the house floor. In the interest of time, i had the great Opening Statement written by my texas constituent, i will not give it but ask that without objection so ordered. Would you like to speak or put your statement for the record . For the record, okay, guys. Moving forward we have three witnesses here. We have mr. Chadre, you guys have five minutes. The head of furk. You have five minutes. Thank you. Mr. Chairman. Ranking member rush, members of the subcommittee for the opportunity to be before you today. Before i begin my marks i want to briefly reflect on the passing of senators demin chi, former chairman of the committee and hell be remembered. Id like to start by taking a moment to acknowledge all those impacted by hurricanes harvey and irma, the los
Its 9am in singapore. 1am in london and five in the afternoon in california where bosses at apple the worlds most Profitable Company are watching a new tax controversy unravel. Leaked documents show the tech giant actively sought out tax havens after an irish low tax loophole it used was closed. The company then moved massive amounts of cash offshore to the island ofjersey in a move that wouldve saved it billions of dollars. Although the company has done nothing illegal, it is again under fire from the eu and us over its tax arrangements. It came to light after millions of financial documents the Paradise Papers were obtained by the german newspaper, sud Deutsche Zeitung and shared with journalists around the world including a team at the bbc. Simonjack reports. A rapturous reception for the latest iphone. Its the most popular and profitable Consumer Product of all time. Its generated hundreds of billions in profits for apple since it was introduced ten years ago. What these papers sho
Leaked documents show the tech giant actively sought out tax havens after an irish low tax loophole it used was closed. The company then moved massive amounts of cash offshore to the island ofjersey in a move that wouldve saved it billions of dollars. Although the company has done nothing illegal it is again under fire from the eu and us over its tax arrangements. It came to light after millions of financial documents the Paradise Papers were obtained by the german newspaper sud Deutsche Zeitung and shared with journalists around the world including a team at the bbc. Simonjack reports. A rapturous reception for the latest iphone. Its the most popular and profitable Consumer Product of all time. Its generated hundreds of billions in profits for apple since it was introduced ten years ago. What these papers show is just how determined apple has been to keep the tax on those profits as low as possible. And how keen some governments, lawyers, and advisers have been to help them do it. For
Leaked documents show the tech giant actively sought out tax havens after an irish low tax loophole it used was closed. The company then moved massive amounts of cash offshore to the island ofjersey in a move that wouldve saved it billions of dollars. Although the company has done nothing illegal, it is again under fire from the eu and us over its tax arrangements. It came to light after millions of financial documents the Paradise Papers were obtained by the german newspaper sud Deutsche Zeitung and shared with journalists around the world including a team at the bbc. Simonjack reports. A rapturous reception for the latest iphone. Its the most popular and profitable Consumer Product of all time. Its generated hundreds of billions in profits for apple since it was introduced ten years ago. What these papers show is just how determined apple has been to keep the tax bill on those profits as low as possible. And how keen some governments, lawyers, and advisers have been to help them do i
Looking forward to doing and so i encourage everyone out there in tv land and the public to really support our commission but also the work in continuing the underground community of artist and musicians here in the bay area and San Francisco with that, well start roll call and go ahead with our meeting. Want to do a couple of announcements. Oh, yeah, he forgot before a roll call a few announcements please turn off cell phones and keep them on silent not to disturb the preceding and secondly, if youre a member of the public and want to make Public Comment do so when i call you and Public Comment speaker cards to fill out beforehand and to the staff and finally thank you to sfgovtv and media serves for airing this meeting live to the public every time we meet now go ahead with the roll call. Commissioner perez commissioner thomas commissioner caminong commissioner joseph commissioner lee commissioner frost president tan. Everyone is here. Would you a full house. I want to acknowledge th