Why wouldn’t the company simply decide to reincorporate as a Mexican company, since only American companies are subject to this tax
Quit NAFTA and Mexico no longer is a shield.
Renouncing citizenship has catastrophic financial consequences.
Renouncing corporate citizenship may well have similar consequences.
Then you hit them by looking at Transfer Pricing. If it is an independent company, it does not help the US stock price.
Probably because the Mexican government would own you...hook, line and sinker. Look at Venezuela...