Goodperson
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Lest Pakistanis get blamed for posting 'anti-India' commentary, Communist is Indian.
Good Joke. Especially when no one complained.
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Lest Pakistanis get blamed for posting 'anti-India' commentary, Communist is Indian.
Good Joke. Especially when no one complained.
Communist said:'No' to Bangalore, 'Yes' to Buffalo -- Barrack Hussein Obama[/SIZE]
Not a good move.. on one hand they advocate globalisation.. on the other hand they indulge in protectionsim... !! Not right at all..!!!
What, you don't believe he is Indian?
That is the most stupidest plan by Obama, First he should of thought about improving the American corporate tax struture to bring back jobs, Instead he is pushing the corporation further away from the United States. These corporations will eventuatly move there headquarters out of America. Typical Liberal!!!!
That is the most stupidest plan by Obama, First he should of thought about improving the American corporate tax struture to bring back jobs, Instead he is pushing the corporation further away from the United States. These corporations will eventuatly move there headquarters out of America. Typical Liberal!!!!
What, you don't believe he is Indian?
This is wisest thing Obama has done. This will encourage to keep more jobs at home. In current economic situation "globalization"as we knew it is dead. Rather its regional approach that is gaining momentum. So anti globalization arguments will not hold water.
As far US corporation moving out of US and being competitive, that is far fetched argument. US company will remain where they are and no country in the world con provide better alternatives and US can always and are providing fiscal incentive to its companies which no other country can. Power of printing money.
Only thing indians can do (beside complaining) lower their wage. I heard newly grad MBA in india now can be hired for less than 10k indian rupee.
What, you don't believe he is Indian?
This is wisest thing Obama has done. This will encourage to keep more jobs at home. In current economic situation "globalization"as we knew it is dead. Rather its regional approach that is gaining momentum. So anti globalization arguments will not hold water.
As far US corporation moving out of US and being competitive, that is far fetched argument. US company will remain where they are and no country in the world con provide better alternatives and US can always and are providing fiscal incentive to its companies which no other country can. Power of printing money.
Only thing indians can do (beside complaining) lower their wage. I heard newly grad MBA in india now can be hired for less than 10k indian rupee.
With U.S. steel mills operating at their lowest levels since the Depression, India's Welspun-Gujarat Stahl Rohren Ltd. last week opened a $150 million plant here to make steel pipe.
Mr. B.K.Goenka, Chairman and Managing Director, Welspun, says that by opening its first plant in the U.S., paying taxes and employing local workers, Welspun-Gujarat is trying to show that it is not only an exporter but also an investor in the U.S. -- a nod to the scrutiny foreign manufacturers are facing amid the loss of manufacturing jobs in the U.S.
President Barack Obama's plan to revamp international tax rules stirred opposition from many multinational businesses and questions among a few leading lawmakers. But even if the proposal doesn't advance rapidly, policy makers said a broader corporate-tax overhaul is becoming increasingly likely over the next two years.
Mr. Obama, speaking in the White House grand foyer Monday, vowed to push forward with his plan, which would curb some of the biggest overseas tax advantages enjoyed by multinationals. He said it was a way to restore fundamental fairness while also encouraging more U.S.-based jobs.
Sen. Max Baucus (D., Mont.), chairman of the Senate Finance Committee, said further study is needed to determine the impact of the plan on U.S. businesses. "I want to make certain that our tax policies are fair and support the global competitiveness of U.S. businesses," he said. One question committee staff is exploring is how abusive some of the corporate tax practices are.
The White House plan has three main elements affecting businesses. It would curb corporations' ability to park their overseas business earnings indefinitely outside the U.S. and avoid U.S. taxes, a practice known as deferral. The plan would change the legal treatment of many international subsidiaries that companies have used to shift earnings into low-tax offshore havens. And it would put new limits on corporations' ability to use offshore subsidiaries to generate unjustified foreign-tax credits.
White House officials said the plan is an attempt to reduce the role of small tax-haven countries that have eroded the tax bases of developed countries such as the U.S.
Business groups on Monday warned that Mr. Obama's plan would eliminate American jobs, not add them. They said the current rules are aimed primarily at putting U.S. companies on an equal tax footing with international rivals, many of which benefit from favorable tax treatment by their home countries.
"The overseas operations of U.S. multinational companies support jobs and higher living standards here at home," said John Castellani, president of the Business Roundtable, an association of chief executives of major corporations.
Such an argument could appeal to lawmakers who will be weighing the Obama proposal -- and who are concerned about employment rates in their home districts during the economic downturn.