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Ron Johnson: “If it's a tax issue, you really have to go through the tax…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Senator Johnson at the Permanent Subcommittee on Investigations

Published | Video Starts at 09:18

So in really kind of trying to drill down in terms of what's the appropriateness of these transactions of this relationship, it really, you're going to have to If it's a tax issue, you really have to go through the tax authorities and take a look at exactly their rules versus if we're going through accounting standards and reporting, you have to go through the SEC. and figure out it's a little more difficult in a setting like this where we're talking sometimes across purposes about different standards between different agencies. Is that basically correct? (09:18–09:29)

CLAIM

Asserts that tax issues require adherence to tax authority rules, while accounting standards require SEC compliance.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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