Lawmakers reach deal on tax rebates

What tax breaks are those? I am only aware of a lower penalty rate that when combined with cheaper labor makes it a better deal for some business but it's not an actual break simply a non-prohibitive high rate - but still higher than 'nominal' with no overseas component.

The Buffett challenge has to do with income taxing which is stupid where we should be using consumption taxing. That would go much further to 'equalizing' real wealth and not playing paper games with income. Investing or placing capital out of jurisdiction increases wealth outside of taxation and that is the reason for his results. Could the same thing apply to consumption? Sure but so what, it's much easier to dump money offshore than it is to try and import goods constantly the breakpoint therefore is higher for the benefit. They can 'cheat' on a super expensive ticket item but are caught by the real estate and 'normal' goods that pile up everyday and in the end are worth far more.

My point is there are a multitude of benefits for companies that don't ship jobs away it just depends on what jobs and what skill level and what ..... lots of variables. We should not restrict trade with tariffs on the mistaken belief it 'keeps' jobs, it simply removes jobs because it's not a zero sum game.

To make the lookup easier check out Airbus's grief with Boeing. A hypocritical stance if there ever was one but they do decent job of documenting the breaks given to Boeing to 'stay'. Radioshack has some to be in Fort Worth, Wal-mart has tons of incentives for tons of their locations, the airlines all have great breaks for being where they are, Detroit gets many incentives to keep those around here, the list is nearly endless. This has again to do with how we tax people (one, two, three+ times) depending on so many factors it's crazy.

And a factor not yet mentioned is that the foreign lands have governments too, surprise surprise, and those guys give...tax breaks! So a company considering it's options have many variables going into the decision and the US as a group is not providing some big incentive for off shoring we simply don't penalize it as highly (or as consistently) as some other countries do (those more than most as a number less as a chunk of economic value).