> make sure large international companies do not have an advantage based on their ability to hide funds offshore The problem with this is that most internation

> make sure large international companies do not have an advantage based on their ability to hide funds offshore The problem with this is that most international companies I've seen with funds offshore made that money offshore and ultimately, the cost of paying US taxes is unlikely to be worth the negligible benefit of being a US company. If the loopholes are closed I think it likely that companies will move. There are plenty of places with free trade and low tax. The US should limit taxation to US-sourced income. If there's no penalty for a company to bring its revenues to the US, it will likely do so and use it to drive local investment.