mr. perkins? >> mr. chairman, there are significant differences between legal and business and accountable profits i cannot answer that question still make you say you don't know whether or not at that time there was an understanding that transaction would not have a negative impact on the u.s. division accountable profits you don't know? >> i don't know. i of attacks person. >> you don't know if there was an understanding? >> i do not know. >> do you know, mr. beran? >> i don't recall. >> let me tell you. do you know, ms. legacy? was there an understanding? to make generally what i can tell you is the accountable profits that we use internally to drive behavior is above for tax system so that does not include after-tax measurements. >> the is it a way to reward its divisions for their work ? it affects people's bonuses? >> it is a way to establish goals to drive business behavior that ultimately can impact incentive pay. >> a and rewards. >> it is an accountable system to drive the organization. >> is i

mr. perkins? >> mr. chairman, there are significant differences between legal and business and accountable profits i cannot answer that question still make you say you don't know whether or not at that time there was an understanding that transaction would not have a negative impact on the u.s. division accountable profits you don't know? >> i don't know. i of attacks person. >> you don't know if there was an understanding? >> i do not know. >> do you know, mr. beran? >> i don't recall. >> let me tell you. do you know, ms. legacy? was there an understanding? to make generally what i can tell you is the accountable profits that we use internally to drive behavior is above for tax system so that does not include after-tax measurements. >> the is it a way to reward its divisions for their work ? it affects people's bonuses? >> it is a way to establish goals to drive business behavior that ultimately can impact incentive pay. >> a and rewards. >> it is an accountable system to drive the organization. >> is i

mr. perkins. i'm a student at stanford law school, and in my free time from playing video games, two of the things i do are -- >> well, we started electronic arts. that's great. [laughter] >> one of the things i do is work in the community law clinic, mostly with spanish-speaking people from east palo alto. the other thing i do is i teach a class on california's finances. from these different contexts, i've gleaned, first of all -- >> we need to have your question. i'm sorry. this is a question for tom perkins. >> what do i tell the people i work with in east palo alto? if you could speak to them, what would you say? >> thank you. >> i feel very sorry for them. i wish that the war on poverty had not been such a fiasco, and then they wouldn't have the problem that they now have. the solution will take a very long time. it depends a lot on education, which is getting worse because of, frankly, the teacher's union. it's making it impossible to have quality schools in the inner cities, and so on and o

mr. perkins. i'm a student at stanford law school, and in my free time from playing video games, two of the things i do are -- >> well, we started electronic arts. that's great. [laughter] >> one of the things i do is work in the community law clinic, mostly with spanish-speaking people from east palo alto. the other thing i do is i teach a class on california's finances. from these different contexts, i've gleaned, first of all -- >> we need to have your question. i'm sorry. this is a question for tom perkins. >> what do i tell the people i work with in east palo alto? if you could speak to them, what would you say? >> thank you. >> i feel very sorry for them. i wish that the war on poverty had not been such a fiasco, and then they wouldn't have the problem that they now have. the solution will take a very long time. it depends a lot on education, which is getting worse because of, frankly, the teacher's union. it's making it impossible to have quality schools in the inner cities, and so on and o

mr. perkins, is that correct? >> estimated. >> was it the caterpillar tax department that came up with the idea to remove caterpillar, inc. from that title chain are was that be w.c. idea? >> mr. chairman, i can respond to that. the original idea, the genesis of that was within the tax department and predated the p.w. see proposed changes by at least a half-dozen years. >> okay. take a look at exit 32, if you would. this is a -- by the way, before we leave to 07i will repeat it again. one of the benefits and costs of this change in the title was a relatively simple reenforcing requirement. in other words, the parts never went to switzerland. is that correct? >> the parts would be distributed all over the world. >> with did not go to switzerland. >> many of them went to one of the -- well, they went to a the warehouses at csarl overseas. >> and how many of the warehouses are there in switzerland? >> none in switzerland. >> how many in the united states ? >> i don't know the exact number it varies. >> says san sound

. >> richard perkins confronted him after the fact and got him to confess that he was the one who kill mr. liuzza. >> perkins said he had an accomplice named kevin freeman. police arrested both freeman and thompson. >> the story that kevin freeman told police was that he and john thompson had been driving home together and the car had run out of gas. ray liuzza drove past them, park and ran across the street to his apartment. at that point john thompson turned to him and said i'm going to hit that guy and pulled a gun out of his pocket. >> and then mr. freeman got cold feet, if you will, and decided he didn't want to be part of it. >> the police charged freeman and thompson with murder. the local prosecutor wanted the death penalty for thompson but knew it would be an up-hill battle because thompson had never been convicted of a violent crime. that was about to change. >> on december 28th, 1984, 19-year-old jay, his sister who was 16, and their younger brother who was 12, went to the super dome for a college basketball tournament. after the game, as they were getting in the car, an africa

mr. perkins' parallel. i think our overall goal for the evening is to explore as much as we can the subject of inequality. and why inequality is such a hot button issue. subject of her academic point, was written in a very academic way, it's clear that that's her profession, you muse see the difference between, the one hand, a small was essentially powerless being persecuted by a handity, and on the other a small minority that is extremely powerful that has all of modern society and wealth being persecuted, i'll grant you, by a majority, namely the other 99%. although the group you're actually referring to is at various times several hundred protesters who are angry. >> well, no, i think the holds.l never metl german has a jew. but some of the jews are extremely wealthy and they own department stores and so forth and so forth, so they were very prominent. i think it's a very good parallel. the averageying occupy wall street protester has never met a rich person, or a google bus,ides is that your point? >> p

perkins senior tax manager? >> yes among the interaction. >> my first round of time is over. >> thank you mr. chairman. mr. quinn on the earlier panel i was asking the professors the basic relation how does the irs contract with a large multinational corporation i would like to expand that not only to a large corporation like caterpillar but also to large accounting firm like yourselves? can you describe how the irisin treks during -- interacts during the tax year? >> the iras during the entire year is a continued audit as you describe very and maintain it continuous presence on site and actively engage with caterpillar personnel directly in to the extent that we don't have direct interaction with the irs only through caterpillar and one invited in by caterpillar to

mr. williams report to you? >> yes. >> mentioned some of the key contacts at caterpillar and among them i'm asking you where they robin beran tax director rodney perkins senior tax manager? >> yes among the interaction. >> my first round of time is over. >> thank you mr. chairman. mr. quinn on the earlier panel i was asking the professors the basic relation how does the irs contract with a large multinational corporation i would like to expand that not only to a large corporation like caterpillar but also to large accounting firm like yourselves? can you describe how the irisin treks during -- interacts during the tax year? >> the iras during the entire year is a continued audit as you describe very and maintain it continuous presence on site and actively engage with caterpillar personnel directly in to the extent that we don't have direct interaction with the irs only through caterpillar and one invited in by caterpillar to assist them in those matters. >> was there any consulting done as you are working with caterpillar to comply with a the law to lower their tax burden? was there any contact by the irs at that time? >> i had no contact with the irs

mr. williams report to you? >> yes. >> mentioned some of the key contacts at caterpillar and among them i'm asking you where they robin beran tax director rodney perkins senior tax manager? >> yes among the interaction. >> my first round of time is over. >> thank you mr. chairman. mr. quinn on the earlier panel i was asking the professors the basic relation how does the irs contract with a large multinational corporation i would like to expand that not only to a large corporation like caterpillar but also to large accounting firm like yourselves? can you describe how the irisin treks during -- interacts during the tax year? >> the iras during the entire year is a continued audit as you describe very and maintain it continuous presence on site and actively engage with caterpillar personnel directly in to the extent that we don't have direct interaction with the irs only through caterpillar and one invited in by caterpillar to assist them in those matters. >> was there any consulting done as you are working with caterpillar to comply with a the law to lower their tax burden? was there any contact by the irs at that time? >> i had no contact with the irs