"You want corporate taxes to be 100%?"
Heavens no!
I misunderstood your 40% number if that was taxes rather than the percentage of net-profit that actually stayed in-country.
That's right, you heard it correctly, our government gets a cut of that U.S. ping-pong ball plant in Shanghai. There are any number of ways to limit that tax liability, but not eliminate it. I can explain how, for a fee.