02-19-2010, 07:35 AM
Also speaking in the context of outsourcing to India, Roemer said the US also believes "very, very deeply" in regard to trade issue.
"You can create jobs in America, and have fair tax policy and double your exports", he said.
Obama had said earlier this week: "If you are a business here, entirely located in the US, and investing in the US, and hiring workers in the US, you are paying a 35 per cent rate".
"However, if you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the US; and that just doesn't seem entirely fair", he had argued.
http://timesofindia.indiatimes.com/biz/i...589383.cms
"You can create jobs in America, and have fair tax policy and double your exports", he said.
Obama had said earlier this week: "If you are a business here, entirely located in the US, and investing in the US, and hiring workers in the US, you are paying a 35 per cent rate".
"However, if you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the US; and that just doesn't seem entirely fair", he had argued.
http://timesofindia.indiatimes.com/biz/i...589383.cms