Obama's announcement no tax breaks to outsourcing companies, is politics - US expert Say
US management expert and chief executive of Linkage Inc, a global firm say that US President Barack Obama's announcement no tax breaks to the outsourcing companies, is just politics
Whatever Obama is doing is just politics. It's the arrogance of the US to think creating jobs overseas will result in job losses back home. According to Harkins such measures (offering tax sops) will not stop US firms from outsourcing talent where it's available at a best cost.
Terming Obama's observations on outsourcing as political posturing, Harkins said in the recent globalised world, companies look for sharing resources, be they human or investments, to remain competitive and sustain growth even in a downturn.
'I don't think American firms will stop outsourcing jobs overseas only just for availing tax incentives at home in a global economy. By outsourcing business where they are beneficial and cost-effective, they actually protect jobs back home and stay competitive,' he said.
Clarifying that Obama's proposal had to do more with the international tax policy reform than creating jobs in the US, Harkins said those US firms with global operations outsource jobs where they make business sense.
By outsourcing manufacturing of goods to countries like China, the US economy benefited a lot. Similarly, by outsourcing services or back office support operation and helpdesk support operations to overseas firms located in countries like India, US firms benefit a lot more,' Harkins said at the launch of his firm's Indian operations.
Whatever Obama is doing is just politics. It's the arrogance of the US to think creating jobs overseas will result in job losses back home. According to Harkins such measures (offering tax sops) will not stop US firms from outsourcing talent where it's available at a best cost.
Terming Obama's observations on outsourcing as political posturing, Harkins said in the recent globalised world, companies look for sharing resources, be they human or investments, to remain competitive and sustain growth even in a downturn.
'I don't think American firms will stop outsourcing jobs overseas only just for availing tax incentives at home in a global economy. By outsourcing business where they are beneficial and cost-effective, they actually protect jobs back home and stay competitive,' he said.
Clarifying that Obama's proposal had to do more with the international tax policy reform than creating jobs in the US, Harkins said those US firms with global operations outsource jobs where they make business sense.
By outsourcing manufacturing of goods to countries like China, the US economy benefited a lot. Similarly, by outsourcing services or back office support operation and helpdesk support operations to overseas firms located in countries like India, US firms benefit a lot more,' Harkins said at the launch of his firm's Indian operations.
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