Personally, I believe that the issue is the USA's tax rates are too high on these companies so they are being encouraged to do business overseas instead of in their home country to shelter themselves from the tax rates in the USA.
I entirely agree. More specifically, I would like to see a tax swap between corporations and individuals. It would work like this:
- Reduce or eliminate corporate tax
- Dramatically increase the tax rates on the upper most individual income tax brackets
- Tax dividends and capital gains at the same rate as regular income
Despite what some people want you to think, wealthy individuals are not "job creators". Corporations are! Think about it. That's why my plan would stimulate the economy and still balance the budget.