From the page: "There is a little-discussed proposal that was introduced into the "fiscal cliff" discussions by the CEOs of the "Fix the Debt" campaign. This is for a "Territorial Tax System" idea that lets multinational companies off the hook for taxes on offshore profits. This plan is particularly dangerous to American wages and jobs -- YOUR wages and job -- as well as any American companies that don't export their profit centers. This threat is not limited to the blue-collar jobs that have been disappearing, it also threatens the professionals, "knowledge workers," designers, innovators and others who contribute to corporate profits here in the US.
The Territorial Tax proposal asks for no taxes on foreign profits of American corporations. This system would encourage and practically force companies to move profit generation (innovation, intellectual property, etc.) out of the US. This gives corporations an incentive to move everything that makes them money out of the country -- every profit center, every job, every factory, every designer, inventor, etc. "