steve_ballmerMicrosoft 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. companies' foreign profits. The statement follows Obama's announcement on May 4 that proposed restricting about $190 billion in tax breaks for offshore companies over the next decade. Ballmer explained that the move would make U.S. jobs more expensive. According to Ballmer the company would do better overseas than keeping inside the US.
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