Ancy's Blog

Obama’s Tax Plan Cheer’s Indian Companies.

Posted on: May 7, 2009

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.

https://i1.wp.com/images.chron.com/photos/2009/05/04/16498180/0504dv_pol_obama_taxes.jpg

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

tweets

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

Blog Stats

  • 18,780 hits

Categories

%d bloggers like this: