Stabenow to Mnuchin: ‘Did You Use the Cayman Island Corporation to Avoid Paying Taxes?’

EXCERPT:

STABENOW: "Mr. Mnuchin, I don’t want to interrupt, but I have very limited time, and I appreciate the additional information and the clarification and all that. But my question goes to what you were actually disclosing. And particularly the Cayman Islands. Did you use the Cayman Island corporation to avoid paying taxes? Would you support closing tax loopholes that very wealthy people have consistently used in the Cayman Islands to avoid paying taxes? That really is my question." 
MNUCHIN: "Let me just be clear, again, I did not use a Cayman Island entity in any way to avoid taxes for myself. I paid U.S. taxes on all of that income, okay? So there was no benefit to me from the Cayman entity."