Obama’s proposal is meant to

President Barack Obama has proposed outlawing offshore tax-avoidance techniques in a move that could hit U. S. corporations with overseas divisions.
     [27C] His proposals would axe some tax deductions for firms that earn profits in countries with low tax rates.
     [28C] His plan envisages 800 extra federal agents to police the laws, and may reap $210bn in tax over the decade.
    The president said he wanted to "make it easier" for U. S. companies to create jobs at home.