No Tax Breaks for US Firms That Outsource Their Jobs Abroad: Obama

February 25th, 2009 WASHINGTON - In a message that may not be music to Indian outsourcing firms, US President Barack Obama has served notice that he would end the tax breaks for corporations that ship jobs abroad. Giving his first speech to a joint session of the US Congress Tuesday, Obama said: 'We will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas.' If Obama follows through with the announcement in the budget, whose outline he would present Thursday, the move may hurt India's BPO sector as without the tax breaks, US companies may find it less attractive to outsource jobs to India.

May 5th, 2009 BANGALORE - US President Barack Obama's announcement to end tax sops to those US firms outsourcing jobs to countries like India has come under flak from Phil Harkins, a leading US management expert and chief executive of Linkage Inc, a global firm specialising in leadership development 'What Obama is doing is just politics. It's the arrogance of the US to think creating jobs overseas will result in job losses back home.

February 25th, 2009 NEW DELHI - The Federation of Indian Chamber of Commerce and Industry Wednesday expressed concern over US President Barack Obama's statement on ending tax breaks for outsourcing companies, saying 'protectionist measures could deteriorate the situation further'. 'Coming at a time when the global economy is going through a phase of slowdown and when countries need to work collectively, protectionist measures of any kind could deteriorate the situation further,' FICCI said in a statement.

February 26th, 2009 BANGALORE - Indian IT industry body Nasscom has reacted cautiously to US President Barack Obama's remarks on outsourcing, saying global outsourcing had benefited US firms that generate over 50 percent of their business overseas. 'American companies generate more than 50 percent of their business outside the US.

February 25th, 2009 BANGALORE - Indian IT bellwethers Infosys Technologies and Wipro Wednesday expressed confidence that the US would not take any measure that would hurt its global competitiveness. Reacting cautiously to US President Barack Obama's remarks on outsourcing Tuesday, Infosys said outsourcing had enhanced the competitiveness of US corporations and had created more jobs within the US economy.

May 6th, 2009 NEW YORK - President Barack Obama's proposal to make tax changes to deter outsourcing jobs to, say, Bangalore is 'antigrowth, job-destroying, protectionist and unlikely to raise the tax revenue', the Wall Street Journal argued Tuesday, while the Los Angeles Times termed it populist. The president Monday said the US tax system is such 'that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York.' That looks like a great argument for lowering taxes on the firms creating jobs in Buffalo, but that is not what Obama has in mind, the Journal noted in an editorial 'Obama's Global Tax Raid'.

May 5th, 2009 NEW DELHI - India Inc believes the move by the Barack Obama administration to reduce tax breaks for US firms that ship jobs overseas will hit American companies more than impact on the Indian outsourcing industry. 'It's a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India,' said Som Mittal, president of the National Association of Software and Service Companies (Nasscom), a representative boddy for the industry.

June 4th, 2007 All hell breaks loose! Imagine this: "Most of us are only pretending to work while secretly hoping the project gets canceled after you get fired by the board". Today's Dilbert is a bit of fresh air after days of stale Elbonian humor on outsourcing.

June 4th, 2009 Microsoft Corp. CEO, Steven Ballmer made it clear that they would move some employees offshore, if President elect Barack Obama plans to imposes higher taxes on U.S.

October 20th, 2005 Blogger Rajneesh thinks its funny to outsource homework to India. In reality homework do get outsourced to India rather frequently.

January 5th, 2009 USA's flagging economy is all set to experience a revival after the global meltdown as president elect Barack Obama announced a comprehensive package to stimulate the economy. A larger part of the investment would be used to create green jobs and is anticipated to generate nearly 2 million jobs.

July 17th, 2009 Obama to have news conference on WednesdayWASHINGTON — The White House has announced on its Twitter page that President Barack Obama will have a prime-time news conference on Wednesday. The White House on Friday said that Obama will meet with reporters at the White House at 9 p.m.

November 21st, 2005 Rentacoder is where companies outsource their software projects. Long time back I dabbled with RentACoder, got 10 out 10 on all the projects and so I still retain a high ranking and often get invited to do projects.

July 5th, 2006 RenACoder is used to outsource projects at riduculously low prices. RentACoder, in my experience, often contains dubious project postings which are clearly for unethical purposes.

October 21st, 2008 Nothing succeeds like Eric Schmidt. Yes, you can very well change the proverb.