Would a tax exemption on cash earned by US corporations from overseas operations create US jobs, or just richer corporate jet setters?

This article in The New York Times “Business Day” section got me thinking about this.

The subject is not simple. Multinational corporations today often earn substantial profits from offshore operation. In some cases, these profits may be taxed in the nation where they are earned, and taxed again when brought back to the US parent company. This double tax jeopardy may lead corporations to move profits to tax havens instead of back into the US, meaning that cash is not available for reinvestment here.

But on the other side of the coin, why should a corporation whose sole interest is to maximize profit make any money from US operations if they can find lower cost workers off-shore and then repatriate all the profits earned and pay zero taxes? Isn’t this new GOP jobs plan just another in their long string of jobs plans directed at putting people in the third world to work so as to enrich their corporate jet-set donors?