Sunday, May 10, 2009

Obama's taxation policies!! dont worry


With the emergence of new taxing system(which Obama has proposed), all the companies of American origin which outsource their labor are going to be affected. But it would not have any affect on companies of Indian origin like Infosys, TCS. The likes of microsoft, google are surely going to get affected. In the present scenerio they escape taxes by outsourcing their labor, but if Obama's praposal is put into action they will get rebate on taxes if they dont outsource their job and instead keep them in their country.
If the new taxation system is realised competitiveness of American and Indian companies will increase which will pressurise US based companies to increase their cost. Hence Obama's new policies are a boon for India based IT companies.