[vtange]

But wouldn't that just burden American businesses against foreign competitors? It would make it so Americans would quit offshoring and simply incorporate outside of U.S. jurisdiction. That or lose to Chinese businesses that are less regulated and are thus free to be "more innovative"

[sbov]

How does incorporating somewhere else help? Tariffs are applied to imported goods, and presumably how said "high tax" would be applied. It doesn't matter where the company is incorporated.

[gertef]

It would level the playing field for all businesses. Incorporating outside the US wouldn't help the companies get access to US markets