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So, there is a so the scopes and the timing and when we will do maipt nens and how that works will be included in the contract and it does exceed the standard that sets themselves for these escalator and so our maintenance is higher than the recommended maintenance level and then scott broder here in the transit division, manages all of those contracts. For the maintenance of the escalators. I mean that i understand that, but maybe, i am off point here, but, to my mind, there is a difference between a maintenance contract and a Maintenance Plan. I mean, the maintenance contract with this, the ...

Caterpillar had been reporting most of the income from the sale of its Replacement Parts outside of the u. S. On its u. S. Tax return. Is that correct . That is correct. That is when it sold parts to caterpillars nonu. S. Dealers. Is that correct . Yes. 85 or more of its nonu. S. Income is included on caterpillars u. S. Tax return. Is that correct . That is correct. After caterpillar executed csarl transaction starting in 1999 is the correct that caterpillar basically reversed those percentages and allocated 15 or less of the nonu. S. Parts and come to itself in the United States and 85 or mor...

Thank you. A minute before the red light comes on on the timer you will see a light changed from green to yellow, giving you an opportunity to conclude remarks. Your written testimony will be printed in the record in its entirety. Please let your oral testimony to ten minutes. And i understand that you will be presenting the statement for caterpillar. Is that correct . Yes, i well. Please proceed. Good afternoon, chairman levin, senator mccain. Thank you for the average into the job. For the subcommittee today. My name is julie legacy, and i am the vicepresident of the finance Services Divisio...

Percentage terms the opportunity to move from 35 tax rate to a 10 tax rate is a 25 percentage point improvement. Thats material. When you Start Talking about 20 tax rate moving to a temper sent tax rate thats only 10 Percentage Points and when you look at the cost of the relative benefits of becomes much more of a push so i think Companies Might be looking at those sites of that question both the basis of taxation in terms of its territorial, need for a territorial system as well as the tax rate that would apply. Their feeling is that it might actually a lower tax rate being more income into t...

And the timing and when we will do maipt nens and how that works will be included in the contract and it does exceed the standard that sets themselves for these escalator and so our maintenance is higher than the recommended maintenance level and then scott broder here in the transit division, manages all of those contracts. For the maintenance of the escalators. I mean that i understand that, but maybe, i am off point here, but, to my mind, there is a difference between a maintenance contract and a Maintenance Plan. I mean, the maintenance contract with this, the cone may be a part of the Mai...