Companies Push for Tax Break on Foreign Cash

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.

Facebook hires software engineers from India to fill US posts

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.