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Officials acknowledged that the numbers clearly undercount the total number of jobs lost offshore.
He told parliament demerging the business would take time, during which thousands of jobs would be lost offshore.
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But he said he would close some loopholes like allowing "$100 billion a year to be lost to offshore tax havens" and "another $50 billion to abuse of tax shelters".
Vast sums of money that could be used to run schools, hospitals, and deliver essential public services are lost to offshore tax havens.
With officials in Washington struggling over a deal to cut the nation's deficit, two senior Senate Democrats on Tuesday urged the federal government to focus on the billions of dollars in revenue lost to offshore tax havens.
We do not have a data series called jobs lost to offshore outsourcing, but 23 months into the recovery, private sector jobs are running nearly seven million workers below the norm of the typical hiring cycle.
Tax officials from the United States and other countries ended a meeting here today and returned home to seek political agreement for proposals under which the United States and the Organization for Economic Cooperation and Development would cooperate on reducing tax revenue lost to offshore havens.
Gauging the specific amount of taxes lost to offshore accounts is difficult, however, and reform advocates say the number could be even bigger.
Yes, European jobs have been lost by offshoring, but unevenly.
In the west, globalisation is not associated with cheaper imports but with manufacturing jobs being lost to offshoring and service sector jobs threatened by cheap migrant labour.
To set that in context, it points out that "an average of 4.6m Americans started work with a new employer every month" in the year to March 2005.The OECD confirms that "even the largest projections of 'jobs lost to offshoring' are relatively small in comparison to general job turnover".
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