Thank you, Chair.
Welcome, gentlemen. It's nice to see you here this morning.
Again, there are so many things to talk about. When you talk about tax evasion or tax havens, where do you start and how do you focus on one thing?
I think I'm going to talk about the transfer tax. Do you have any advice you can give to us as to how to properly handle that?
When you look at transfer taxes, there are many reasons that companies go about pricing different products in different countries. The assumption that they use cost of production as a tool for pricing is not a fair assumption anymore. You'll see companies that will look at the market in a certain area, let's say in the U.S., and say, “Based on the competition, we need to be priced at this level.” They take that same product into Brazil, look at the competition, and say, “Now it can be priced at this level.”
What suggestions do you have for us to look at when it comes to transfer taxes and stuff like that?
Maybe I'll start with you, Mr. Cardamone.
Mr. Rosenbloom, I'd be interested in your comments on that, too.