Obama’s Tax Plan Cheer’s Indian Companies.
Posted May 7, 2009on:
BANGALORE: India’s home grown IT companies actually have something to cheer from Obama’s tax plan. The plan, if it goes through, will make the l ikes of TCS, Infosys and Wipro more price competitive against their US counterparts like IBM, HP and Accenture.
This is because the plan imposes huge new tax burdens on American technology companies. An analysis by The Associated Press estimates that collectively, HP, IBM, Cisco, Microsoft and Google lowered their tax bills by a combined $7.4 billion in their last fiscal years by taking advantage of lower tax rates outside the US....Read More…
Courtesy From Indiatimes Infotech