How Will Reducing U.S. Taxes on Foreign Operations to Zero "Lure" Companies to Bring Jobs Back to the U.S.?

The Washington Post told readers that the Republican tax plan:

"will aim to slash corporate tax rates, simplify taxes for individuals and families and lure the foreign operations of multinational firms back to the United States with incentives and penalties."

While there is no plan at the moment, the reports to date have said the Republicans want to shift to a territorial tax under which companies don't pay U.S. tax on their foreign profits. If this is true, their proposal will increase the i...