You're going to love this one. According to Ernst & Young, Obama's majorly hyped tax incentive he's planning on plugging, which gives an incentive to offshore outsource your job, all of those offshore outsourcing companies will not be affected in the least. Nice huh? All U.S. corporations have to do is create a separate business entity and then contract with that entity to offshore outsource your job.
Can you spell LOOPHOLE?
Domestic business process outsourcing (BPO) units providing services to the American companies will not be affected by the proposed decision of US President Barack Obama to discourage outsourcing by imposing taxes, said global consultancy firm Ernst & young.
