Microsoft answers Obama’s taxation plans
posted at 9:57 pm on June 4, 2009 by Keemo
June 3 (Bloomberg) — Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.
“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”
Obama on May 4 proposed outlawing or restricting about $190 billion in tax breaks for offshore companies over the next decade. Such business groups as the National Foreign Trade Council, the U.S. Chamber of Commerce and the Business Roundtable have denounced the proposed overhaul.
Attack the Corporations that provide life time employment opportunities for Americans, and the corporations will make choices that are in the best interest of the business. Making profit is a very important dynamic to running a business that will be sustainable long term; duh…
Why is President Obama so angry at the very businesses that provide thousands of jobs for Americans, as well as providing millions-billions of tax revenue for the State? What are his motives? At this rate, 20% unemployment could very well be reached sooner rather than later…