Outsourcing Predictions for 2009

TalkBack 4 of 6:

Next »

« Previous

• Thread View
• Flat View

There are no tax breaks for companies that offshore

There are no tax breaks for companies that outsource offshore.

It's an urban legend that has persisted after Barack Obama said the following in a campaign speech:

?We can keep giving tax breaks to companies that ship jobs overseas, or we can give tax benefits to companies that invest right here in New Hampshire.?

(1) It was a campaign speech. Therefore it needed no basis in reality, nor is there any obligation to deliver on the comment. It was fiction, intended to arouse patriotic passions among the senior citizens that make up the audience at campaign speeches.

(2) Since American people (as a sweeping generalization) no longer seem to think that fact, truth, and insightful thought are necessary prior to spouting off in blogs, emails, and water-cooler conversations, this nifty little untruth has managed to live a peculiarly long time, getting passed along as fact even by reputable publishers these days. (Do newspapers and online publishers employ fact-checkers any more? I think not.) Maybe if you compare it to some very infamous untrue urban legends like "Audis had a problem that caused them to slip into gear and accelerate unexpectedly" and "The Constitution guarantees me the right to privacy", this one isn't so huge, but it is equally as false despite being almost universally believed to be true.

"Americans will demand the government stop giving tax breaks to companies who outsource"? Yes, I suppose they will, being ignorant Americans after all. But it won't matter, and it won't even require a vote. There are no Federal tax breaks for for companies who outsource, and never have been.

Posted by: don.montgomery@...   Posted on: 01/07/09 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• The True Costs of Virtual Server Solutions VMware In an economic environment that is repeatedly heralding the message "do ... Download Now
• Reducing Server Total Cost of Ownership with VMware Virtualization Software VMware VMware virtualization enables customers to reduce their server TCO and ... Download Now
• Why Isn't Server Virtualization Saving Us More? A Few Small Changes May Dramatically Increase Your Efficiency VMware Companies have rapidly adopted server virtualization over the past few ... Download Now