[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?

[The Old Hoosier]

Your plan to tax foreign corporations out of doing business here will drive consumer prices through the roof, costing millions of American jobs, decreasing our standard of living, and increasing our cost of living.

You have the prescription for another Great Depression.

[The Old Hoosier]

Sorry, see my 57.

[Cronos]

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

Quite incorrect, as I said above, IBM makes it's money from all countries all over the world. It is a multinational company. It sells PCs, servers, mainframes in the US, Europe, Japan and yes, even India. A MNC like IBM is a difficult entity to judge. What you state may be viable for a company that is only US based, but now nearly every company in the world strives to be multinational. Even Wal-mart has a subsidiary outside -- in the UK with ASDA. So Wal-mart is a MNC.