rooster -- that corporate view/angle has been addressed here at length; Obama's right, Romney's full of it -- and see in particular: Shifting to Territorial Taxation Would Increase the Offshoring of US Jobs Jul 16, 2012 http://jaredbernsteinblog.com/shifting-to-territorial-taxation-would-increase-the-offshoring-of-us-jobs/ [with comments] Territorial Taxation a Recipe for More Offshoring of American Jobs July 17, 2012 http://news.firedoglake.com/2012/07/17/territorial-taxation-a-recipe-for-more-offshoring-of-american-jobs/ [with comments] A Challenging Time for International Tax Policy June 24, 2012 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2090216