Admittedly I haven't researched this enough, but I am not sure the Off Shore/China manufacturing model works without the "Off Shore Profits Tax Exemption"

China has a flat 25% Corporate Tax WITH a 10% Capitol Gains Tax applied on top. Additionally any goods or materials shipped into China is subject to a 20% import tariff. America has a 35% Corporate tax but the Effective Tax Rate of Corporations is 23%. Huge MultiNationals such as Google or GE armed with divisions of Tax Attorneys and numerous resources to avoid taxes at their command commonly pay effective tax rates of 2 or 3%

My question is does the Off Shore production / sales in United States model of Corporate business WORK without the Off Shore Tax Exemption ?

Here is what is really perplexing - Grover Norquist and Bill Clinton AGREE on the need to move away from the current Corp Tax system loaded with special interest tax exemptions and move to a flat 25% Territorial Corporate Tax system void of the numerous loopholes.

For 1 that would level the playing field between the Huge Multinationals and smaller upstarts. It is Small Business that creates 67% of all new jobs in America, but those small businesses can't afford a fleet of lawyers nor the capitol required to partake in all of the tax dodges. Subsequently they are all too often gobbled up by the larger Tax Dodging Multinationals, the workforce laid off, and production facilities moved off shore.

So far that model has moved an estimated 43,000 manufacturing facilities offshore at a cost of 3 million US manufacturing jobs