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6 reasons outsourcing can't be stopped |
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Views: 3562
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6 reasons outsourcing can't be stopped |
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Views: 3562
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#6
03-06-2009, 03:46 PM
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No direct tax incentive
Several experts believe that this is all part of old Washington rhetoric as there is really no direct tax incentive awarded to US companies who transfer jobs to other countries. According to them (as told to Philippine-based BusinessWorld), what the US tax code has is a decades-old provision that allows American companies to defer income tax payments on offshore profits until they are repatriated back home, and Obama wants to eliminate this. 
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#7
03-06-2009, 03:47 PM
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Beyond taxes
According to Dina R Salonga, Philippine Software Industry Association director (as told to Philippine-based BusinessWorld) outsourcing growth would be difficult to stem. He said that even if Obama's plan materialises, it will still be a matter of economics, like [opening in locations] where companies can save more. He feels that there are several considerations for this business to stop, not just tax breaks.
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