Reading right now. But enjoy those types of books. Senator john thune, appreciate your time. Thanks, steve, great to be with you. Tomorrow, arkansas governor mike beebe will discuss the Health Care Law eas implementation in his state at an event hosted by Kaiser Health news, an editorially independent program of the Kaiser Family foundation. Thats live at 8 30 a. M. Eastern on cspan2. And live on cspan3 the National Association for business economics will host a daylong conference focused on economic policy. That event will begin with remarks from former Federal Reserve chairman Alan Greenspan t 8 45 a. M. Eastern. If this deal is completed, i think it putscome cast at the nexus, the center of every media policy debate were going to have. I dont think the i dont think see it being in the public interest. I think this is why we have antitrust laws, to prevent these kinds of deals. For most american, a deal like this seems unthinkable. That its gotten this far, that its being debated, th
Lets go to a second question and that is given the way in which this nexus crosses two communities, the Law Enforcement community and the National Security community, are we effectively organized to deal with these problems and the special issues of this nexus and how should we be changing our organization nationally or internationally to be dealing with these issues. Any thoughts from the panelists . We should not go to knee jerk reactions when a major disaster happens and ill give you an example. Back in the days of my partnership of trying to bridge that gap between intel and Law Enforcement and Work Together, during that time we had an Organization Called the organized crime operation. S group. Case officers from the cia, i had about 15, at any given time 15 to 20 fbi agents and analysts assigned there fulltime. It was very successful. With regard to Human Trafficking internationally, we did two renditions in that program for Major International human smugglers working together. 9
Need to leave. Any comments on that. Steve, do you want to start . Sure, i can address that. I do not think shifting to a territorial system is right. The two problems that weve highlighted here are earning stripping and the deferred accumulated earnings of these controlled foreign corporations. If we shift to a territorial system in which a u. S. Company is only taxed on its u. S. Source income, and not taxed on its foreign income, there will be all the more incentive for multinationals to strip income from the u. S. Base and shift it abroad. Isnt that the first step and then you deal with all those issues let me finish my answer. So as part of any consideration of territorial, we need to address the earnings stripping issues that were discussing here. One of the observations professor shay made in his article, he wanted treasury to adopt regulations that could fold into tax reform and weve got to address earning stripping and we have to do it sensibly and i think we could fold that i
Tax rate of those companies to be reduced. And thats why were talking about this subject. So it appears that having a bow tie is not an indication of prof sor yal stature but tax planning. John, you started us off by talking about the fact that your view, this set of practices were a symptom of a larger set of drivers in the Corporate Tax structure and that ultimately and i think you wouldnt get any disagreement with anyone here we need to be addressing those larger drivers. But in the context of the current debate, first of all, can i ask you to ask would the measures that steve and steve have put on the table be effective and then we can go beyond that to say should treasury take it. Lets start with the effective. So the answer is i dont think so. But theres an overarching point before i get back into the weeds which is why are we trying to raise the bar so it will be harder for companies to leave the United States. Why arent we trying to do something to make it more attractive for t
Interpol, u. N. Headquarters in new york. Among discussions was either to eliminate or cut by 50 the fbis international offices. Again, another act of absolute stupidity. I want to go to the hill and argue anybody who raises the issue to tell them how stupid it is, why we need the relationships, why we need representations, and how every day it affects u. S. And health of the u. S. National security. An example of that, a particular u. S. Senator i will not name, landed once in a foreign country, greeted by the fbi agent there, and his remark was, well, i guess the fbis sun never sets on the fbi. The agent was polite and everything, but he could have said, the sun never sets on u. S. Interests either, pal. [laughter] thank you. [applause] we have a lot of agreements and initiatives that i had to talk about the americas with the americans. Im concerned about how demanding that its been used to help been misused, and who a lot of money has been lost, and more concerning to me is to see t