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

>> that would not be humorous to them. >> did you know that mr. quinn and mr. williams had to figure out a story. and dos in dancing when the whole issue came to a head. >> you were on the audit team? >> i was not aware of these. >> did you know p.w. sea stacks themselves to take an inconsistent position regarding the value of marketing in tangibles at ciaco? >> mr. chairman, i believe -- in tangibles. >> i don't agree with that inconsistency. >> you don't believe there was inconsistency. mr. bauer, one of our experts said he never heard of a company taking two sets of inventory books using virtual inventory systems separate and apart from the company's general inventory system, one to track parts for the business enterprise and the other to keep track of inventory for tax purposes. prior to caterpillar's use of the inventory system have you ever heard of but virtual inventory system? >> different management books from legal books are very common. >> i am not talking about that. i am asking about inventory systems. have you heard of a virtual inventory systems

>> that is correct senator. >> mr. quinn read the lead partner for pwc tax consulting services on this matter? >> yes i was. >> did 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 on

the patient was irritated by noise being made by mr quinn. mr hutton was tipped over mr quinn's mice today the male nurse was given the probation act judge kevin korean was severely critical of the conditions of mr huggins employment. he noted that his workload was on scene on reasonable and the high dependency unit he worked and had to seriously inadequate level of staffing. the court had heard earlier that he just internal investigation by mr patten worked under serious stress and never complained about it. joe's korean recommended to mr pub not to be struck off the register of nurses. he said to do so would be disproportionate. instead mr hutton was not a threat to patients. he also noted his remorse for what you don't cold cold and martinis electronic cigarettes at the barrel can help the smses from next month. the decision to ban the use and sale of the electronic cigarettes in hospitals and clinics follows the hst review of the safety of e cigarettes and their impact on its smoke free campus on. the reid still and recently spent my days

mr. quinn read the lead partner for pwc tax consulting services on this matter? >> yes i was. >> did 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 on

his client would never have seen in court if it wasn't for the actions of sean quinn this php said mr quinn had only received an administrative sanctions. one of those left to deal with the aftermath of his downfall ended up in the dock on criminal charges. yesterday the jury acquitted the former chairman sean fitzpatrick on all counts. that too many signs in the dock with a forty seven days to lisa farther day for a very different outcome. in between china's that the criminal courts for us to obedience of guilty in relation to make the ten transaction not guilty in relation to the clinic from the deal and the key is soo here is the week course on these loans. yes one of the key questions for the jury to answer in this case we would have been whether or not these unknowns were in the ordinary course of business that still marching in the legislation and that the difference between an illegal though. and indeed of those minorities to get to that step that would of had to look at the terms of those nose and recourse or the liability for repayments windows they were of the live oaks repay one

mr. quinn that when you send profits to a related party in a tax haven that transaction must be an arm's length standard? do you agree with that? >> absolutely senator. >> no matter how much you pay in taxes. >> when you talk about the arm's length standard but that requires is an understanding of what functions exist offshore and risks have been accepted offshore and what properties existed offshore. >> got it must mean -- meet that standard. >> to align with those -- that must be met. is that correct? and must you need a business purpose standard? >> in order to support the transfer pricing result you want to make sure that when you take a look at the functions and the risks and the property that has been evaluated that it does in fact make sense within a business and how it's been operated. >> take a look at exhibit 33 if you would. i am trying to figure out what the annual parts benefit was from the structure. the strategy that was put in place. you have exhibit 33? >> i do. that is the dis

this proposal from mr quinn to groans of disagreements. i also want to see higher level mathematics can be leaving certificate becoming part of the minimum entry requirements for admission. teacher education the minutes tick kept. two gup them in his audience and perfection. i don't know each the sisters have told you . the art. the he was on the beaches potential improvement for those who began the tree is the twenty seventh. it's been a gradual and effects a few enough teachers. this morning with nothing compared to what happens as the sti contention in wexford this evening the almost constant repeating brewing laughter and applause aside from the cross over to him and his standing conference of wexford ten so long and difficult day for the minister and that but at the tengku history section reserved for him it would appear by those aest identical to that conference behind you. this is what historically i don't think i've seen a response quite as strong as ever before with mysticism in concert but a defeat as they do it justice in the ho

senior pastor pocket dhb said mr quinn had received cabinet ministers to function.but those who have to deal with the situation we now in the dock. the circumstances surrounding the transaction were not support me but the ending was and the likely course of the bank's business if there was no charge against mr back tears the basin to approach it the dot au or two kenyans to the circuit criminal court although one was sentenced to fifteen years in prison for attempting to murder his wife by hitting her with a timer on her birthday while she slept. forty two year old and fresh banco from the eighties with a rose among hundreds end of the visit is in chew on the banco on the head with a high mark over him pleaded not guilty to attempted murder in july of twenty ten his wife is in longer able to look after her song and will depend on full time care for the rest of her life president michael d higgins has completed his four day state visit to the man's kingdom which he said was both uplifting and hopeful the president and his wife said the man left windsor castle this mo

mr. quinn? >> >> reporter: quinn did not enter a plea in court the case has been continued.he motorcycle is injured in the crash filed a civil suit against the city. >> reporter: here in san francisco to reseal x down seal. terescia >> pam: and dublin police have released the surveillance pictures of a man who robbed a shell gas station last week. and had been ondougherty wrote right before midnight. the suspect entered the gas station with a black back, baseball bat and red plastic gas can derrick he threatened the court to bar the station doubt if he did not give him money. the suspect later fled the scene in a for fusion with an unknown amount of cash. >> pam: santa cruz police are arrested on that all lee abdi cabdriver accused of kidnapping and sexual assault. police say on friday, he picked up a woman in watsonville who was struck a pastel. abdi, reportedly took her to a santa cruz hotel where he assaulted her and stole her money. investigators say they have surveillance video of abdi helped a woman into a hotel room. really... so our business can be on at&t's network

in its entirety and we'll ask that your oral testimony be ten minutes or less, and we understand mr. quinn you're going to present the pricewaterhousecoopers testimony. your mic is not on. >> thank you. good morning, chairman levin, ranking member mccain, and members of the subcommittee, i'm going to make some brief oral remarks but ask my written statement be placed in the record. >> it will. >> i am thomas quinn, cpa and partner at pricewaterhouse coopers. i ban any career with pcw in 1948 and have been advising companies for over 30 years. i'm joined by james bowers, also a cpa and partner in the pwc tax practice. having joined pwc in 1976, mr. bower has been advising clients with respect to tax obligations for over 37 years. i'm also joined by steven williams, managing director with pwc. mr. williams is an economy exist holds a masters degree with concentration in international economics. he has been we pwc since 1982 and specializes the transfer pricing for 28 years. understand that today's hearing relates to the tax implications of a business reorganization that caterpillar gap 15 ye

quinn ze tong. >>> good afternoon, mr. chairman, member of the committee. [speaker not understood]. i've lived in san francisco my entire life and i hope to remain here the remainder of my days. supervisors, a i'm here asking for your potive recommendation to the full board on police commissioner angela chan. i have a very high standard when it comes to volunteer citizens and sometimes folks don't under the time commitments that are required to serve on these commissions, especially this all too important commission. i can tell you on a fact a couple occasions i reached out to commissioner chan and shakoes ~ she's not only been responsive, but quick and responsive on issues near and dear to the latino community. i ask for your recommendation back to the full body an individual that as served and served with distinction and will continue to provide the contributions that all of our communities [speaker not understood]. thank you, supervisors. >> thank you. so, after the next speaker will be prim chi tong and pam fisher. [speaker not understood]. >>> good afternoon, supervisors. [spea

. >>> coming up on "morning joe," governor pat quinn, mr. cubs, ernie banks. >> that's mr. baseball. >> is that not amazing. my first glove, ernie banks. >> do you still have it? >> of course not. >> you should have an ernie banks card. >> i'm sure my mom threw away that, my baseball cards. my blood type cards. >> no, she didn't. >> the co-owners of the chicago cubs, tom, laura and todd ricketts joining us. >> i'm here in the outfield. and i think it's just as cold, in case you're curious. we're going to give you a full update on the iconic bricks and ivy. this has been something that's been historied here at wrigley field. and you know when the outfielders are taught to stay away from the ivy if a ball goes in it, they're told it can be ruled a ground ball double, just throw your hands up. and the groundskeeper said they've found about a dozen balls. first, back to bill karins, bill, shouldn't it be getting warmer in chicago as the more than getting over? >> tom, the most fascinating thing, you'll watch the transition from the anchors from 6:00 a.m. to 9:00 a.m. with windc

. >>> coming up on the show tomorrow, illinois governor pat quinn, mr.ting. >> the cubs owner tom ricketts joins us from wrigley field, celebrating 100 years at the historic park. i can't wait. >> that's going to be fun. >> "morning joe" returns in just a moment. senator, thank you. ♪ predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. ♪ >>> with so much drama in the lbc it's kind of hard being snoop dogg. but i somehow some way keep coming up with funky [ bleep ] every single day. make a few ends. as i breeze through 2:00 in the morning and the party's still jumping because momma ain't home. they got [ bleep ] in the living room getting it on. and they ain't leaving until 6:00 in the morning. >> six in the morning. >> wh

mrs. lerner in line with the quinn cases was clearly informed of that decision and still miss lerner continues to refuse to testify before this committee. i submit to my colleague's on both sides of the aisle all the constitutional impediments have been removed. it's a clear and simple question before us. this committee should recommend to the house that miss lerner be held in contempt for failure to comply with the subpoenas issued to her. i recommend that my colleagues on both sides of the committee can vote accordingly. >> i think the gentleman. we now go to the gentlelady from new mexico. >> thank you mr. chairman and i'm going to yield my time to the ranking member. >> i want to thank the gentlelady for yielding. mr. chairman i would like to put into the record two letters. over the last week i received two letters from the chairman making allegations against me that were absent -- unsubstantiated. the first sent last friday alleging i was insisting on immunity for miss lerner when in fact i was attempting to retain a proffer. and the second sent yesterday alleging i was somehow conspirin

quinn made bail today. he is expected to be arraigned to hear the formal charges against him on wednesday. >> mr. to bring you here. challenging breast cancer awareness. >> local doctor working on new and better way that focuses on your risk of the disease. >> what is going on in this picture. the touching moment between the commander in chief and a baby in briefs. i'll have that story and we track the storm. here's a look at live doppler 7hd will the morning commute be wet? all that coming up but first here's jimmy kimmel. >> sample of what we have in store for tonight. >> i'm the segment producer. >> you look familiar to me. >> no. >> yes. >> are you on tv. >> are you on tv. >> no. not recently >> breast cancer screening has been ongoing controversy of conflicting recommendations. at what age and how often? now prominent specialist in the bay area hoping to change the way women are screened for that disease with the help of new clinical trial. carolyn has the story. >> 63-year-old maria norman healthy right now but concerned about screening option for breast cancer. >> my mother died, diagnosed

quinn made bail today. he is expected to be arraigned to hear the formal charges against him on wednesday. >> mr. to bring you here. challenging breast cancer awareness. >> local doctor working on new and better way that focuses on your risk of the disease. >> what is going on in this picture. the touching moment between the commander in chief and a baby in briefs. i'll have that story and we track . here's a look at live doppler 7hd will the morning commute be wet? all that coming up bu first firt here's jimmy kimmel. >> sample of what we have in store for tonight. >> i'm the segment producer. >> you look familiar to me. >> no. >> yes. >> are you on tv. >> are you on tv. >> no. not recently >> breast cancer screening has been ongoing controversy of conflicting recommendations. at what age and how often? now prominent specialist in the bay area hoping to change the way women are screened for that disease with the help of new clinical trial. carolyn has the story. >> 63-year-old maria norman healthy right now but concerned about screening option for breast cancer. >> my mother died, diagnosed with

quinn made bail today. he is expected to be arraigned to hear the formal charges against him on wednesday. >> mr. to bring you here. challenging breast cancer awareness. >> local doctor working on new and better way that focuses on your risk of the disease. >> what is going on in this picture. the touching moment between the commander in chief and a baby in briefs. i'll have that story and we track the storm. here's a look at live doppler 7hd will the morning commute be wet? all that coming up but first here's jimmy kimmel. >> sample of what we have in store for tonight. >> i'm the segment producer. >> you look familiar to me. >> no. >> yes. >> are you on tv. >> are you on tv. >> no. not recently >> breast cancer screening has been ongoing controversy of conflicting recommendations. at what age and how often? now prominent specialist in the bay area hoping to change the way women are screened for that disease with the help of new clinical trial. carolyn has the story. >> 63-year-old maria norman healthy right now but concerned about screening option for breast cancer. >> my mother died, diagnosed

quinn family. judge martin o'neill told the jurors he was directing them to find this to the tactic not guilty the temptation to clean the jury was also directed to find mr pleaded not guilty of seven additional charges of being involved in march nineteen oh three until the danger. in his closing speech. it told the jury there was ample evidence tending to replace the transaction in an enormous weight to the tree tops decided that the ending was empty. what recourse to the use of the punched and knocked to the team and all prices for permissions. he says are going to get into effect the bank's share price the purpose and skin of the notes made is crystal clear that this book not supporting the business is with exception of an extraordinary he said none of the team and took reasonable steps to prevent us with the chickens goats the jury that whether or not the amount of education approved of honoring parents that i think it was only eleventh. what other people say that the prosecutor also seventy cents b can advice of the residents of one of the turnoff to the genuine either need to know what's collapse could call the gospel of peace and the three issues