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Companies Push for Tax Break on Foreign Cash
Source: The New York Times/ June 19, 2011 By DAVID KOCIENIEWSKI Some of the nation’s largest corporations have amassed vast profits outside the country and are pressing Congress and the Obama administration for a tax break to bring the money home. Apple has $12 billion waiting offshore, Google has $17 billion and Microsoft, $29 billion. Under the proposal, known as a repatriation holiday, the federal income tax owed on such profits returned to the United States would fall to ...
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Facebook hires software engineers from India to fill US posts
http://economictimes.indiatimes.com/news/news-by-industry/jobs/facebook-looks-at-indian-software-engineers-for-us-positions/articleshow/12433245.cms Mar 28, 2012, 10.11AM IST According to Prabhakaran Murugaiah, founder and CEO at Corp-Corp, a Virginia-based technology staffing company, companies hiring from India for jobs based in the US is rare, but this will probably increase because of talent shortage in the world's largest economy. "Unemployment in the technology space is only 3.7%, which is virtually zero talent available for the current skills in demand," he said. MUMBAI: Facebook, the world's largest social networking site, is doing ...