Levin is trying

Senator Carl Levin is trying to do something about situations where companies use offshore tax havens to minimize the taxes they owe the U.S. Levin has proposed a bill to eliminate a process known as the Double Irish, in which a company sets up a subsidiary in Ireland and cedes to the subsidiary the company's intellectual property rights. The subsidiary then charges royalties to the parent, so that the parent's expenses are increased but are offset by the subsidiary's revenues. It would be a wash except that the parent pays taxes to us on its profits, which are now less because of the royalties. So, overall the company's total expenses, including taxes, are less.