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Transcript: OFFSHORE TAX EVASION:MAX BAUCUS
- Article from:
- Congressional Testimony
- Article date:
- July 24, 2008
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Congressional Testimony
07-24-2008
Opening Statement of Max Baucus Chairman, Senate Finance Committee Committee
on Senate Finance July 24, 2008 The American poet Ella Wheeler Wilcox wrote:
``Feast, and your halls are crowded; Fast, and the world goes by.`` Today,
we will take a look at some ostensibly crowded halls: those of the Ugland
House in the Cayman Islands. That`s the remarkable five-story building
that the GAO tells us has some 18,857 tenants. Today, we`ll examine whether
many of those tenants are feasting at American taxpayers` expense. The
last time that the press and the Senate looked at the Ugland House, in
2004, it had 12,748 tenants. We asked GAO to go and look for itself. ...