U.S. Corporations export U.S. profits by expanding business operations and creating jobs overseas without paying taxes on those "re-invested" profits. When additional profit is realized on those tax-free "re-invested" monies, no U.S. taxes are paid unless the money is repatrioted or brought back by the corporation.
The corporations get all of the benefits and protections of being a U.S. company, without any return made to this country. When profitable, U.S. jobs get lost to the growth overseas without any compensation to our country.
Every 5 years or so, these corporations lobby Congress for new "tax holidays" to repatriot their profits without tax or substantially reduced tax paid as dividends to their shareholders. No jobs are created, less taxes are finally paid. Our country loses