Posts
The president also backed Ohio’s decision to prohibit offshore outsourcing of official IT projects and said he would plug tax loopholes that incentivize U.S. investment in overseas jobs. “For years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries. I want to change that,” he said in Cleveland. “I’m proposing a more generous, permanent extension of the tax credit that goes to companies for all the research and innovation they do right here in America.”
A more recent hitch in the bilateral relationship is India’s nuclear law, which makes overseas suppliers liable in case of a nuclear accident. The law caps the liability for any nuclear accident at about $325 million. Although the Nuclear Power Corporation of India, the country’s only nuclear operator, will be primarily responsible for accidents, it could take advantage of the law to seek recourse by suing suppliers. But the law might also deter suppliers from the United States and elsewhere from investing in India’s nuclear industry. More at:
http://www.fpif.org/articles/obama_blowing_it_on_india?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FPIF+%28Foreign+Policy+In+Focus+%28All+News%29%29&utm_content=Google+Reader
No comments:
Post a Comment