I would have to read the plan, however their are a lot of things that can be done to increase us corporate expansion while ensuring that they are taxed appropriately. I am not one for taxation, however, if you benefit from government intervention, such as the US legal system, the transportation understructure, etc., you should pay back into the system. Rite now (or at least the last time I had to deal with international taxation) if I take a job in Japan I can file for a tax exemption from Japan because I do not live or work in Japan, even though I earned income from a Japanese business. I would then be required to pay taxes in the US since I do live and work here. Currently this gets a bit squirrely as no one in Japan will notify the US that I earned this money and I can just sweep it under the rug by leaving it with the Japanese post office and spending it while overseas. Now, if I pick up a job in Bangladesh and spend time their to complete the work and pay say, 8% of the money earned in taxes, then when I come to the US I can deduct those taxes from my US taxes thus paying less. The only people who have real issues are consolidated multinational companies who are traded on us exchanges as a consolidated company. If Cisco US was separated from Cisco UK their should be almost no issue. Heck, the home builder I worked for was around 50 separate and legal companies, but we were not publicly traded and did not use oversees growth to bolster the US numbers.