Edit this postBarack Obama President, U.S. had ridden the wave of doing away with the outsourcing at the time of elections in U.S and this swept him to power at the White house which is probably the most powerful seat in the world. Now as elections are coming nearer he is talking tough on the companies which are outsourcing by threatening to take away the tax incentives. His views on subject are as appended below:
"If you are a business that wants to outsource jobs, you shouldn't get a tax deduction for doing it. No American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas. From now on every MNC should have to pay a basic minimum tax and every penny should go towards lowering taxes for companies that choose to stay here and hire here in America."
India is a nation which definitely gets affected by tight outsourcing policies in U.S and sector which gets first is Information technology.
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