[The Old Hoosier]

all you need to do is tax IBM's US profits at a higher rate based of their use of offshore labor.

Great idea! Sounds like a good way to send all the jobs to India.

[oceanview]

then they would face a 100% tax on their US profits, and since they make no money selling anything in India but rather make it all here, I don't think they really want to do that. Unless they want to operate as a non-profit operation, do you really thing the upper management raking in 7 figure salaries and flying on Gulfstreams to lunch wants to do that?