There would be “no loopholes or exemptions” for the so-called Real Corporate Profits Tax, Warren said. It would be paid on top of what corporations owe under U.S. tax law and apply to profits earned domestically and abroad, preventing companies from shifting profits offshore to avoid the tax. The Massachusetts senator’s plan is part of her initiative to claim the mantle of progressive policy visionary in the large and diverse primary field, and to put meat on the bones of her populist message that corporations and financial elites are rigging the rules at the expense of ordinary Americans.