Archive for May 6th, 2009

Obama hits Indian IT hard

May 6, 2009

President Obama has talked of not allowing expenses incurred in foreign shores by US companies as deductible thereby making outsourcing outside USA less attractive (more expensive) for US Corporations. Symbolically President Obama talked of getting out of Bangalore and getting into Buffalo.

These are applicable from 2011

One has to wait & see as to how these pronouncements actually evolve over the years