It depends on what "getting a tax break" means. I think what Obama is saying is that the taxes overseas are lower than in the US, so it's attractive for businesses to move overseas. So, he's going to save jobs by raising taxes? Maybe save jobs overseas, but not in the United States.
No, the clear implication Obama was making is that the federal tax code gives businesses a tax break for moving operations overseas. That is completely false and was stated by Obama to deliberately deceive.