Jobs? The question came up in the debate! It isn't a law as Mitt said it a part of the Fed Tax code! APB 23 permits U.S. multinationals to defer recognition of tax liability on foreign earnings for financial reporting purposes so that earnings are not reduced by the tax liability if they affirmatively assert that their foreign earnings are permanently or indefinitely reinvested. In 2011, more than 1,000 U.S. multinationals made such an assertion in their SEC filings, reporting in total that more than $1.5 trillion is or is intended to be reinvested offshore. A perfectly legal thing to do as anyone would avoid at all costs paying anymore taxes then they need to and or are required by law to do! So again the Socialist in cheif doesn't understand companies as well as everyday Americains have a duty to share holders and themselves not to pay any more taxes then legal obligated too! So Mr. Socialist in cheif if you don't like the tax code change it!!! Oh wait that would require you to actually do some work wouldn't it! Scratch that!