It seems so:
Microsoft Corp. Chief Executive Officer Steven Ballmer said the world’s largest software company would move some employees offshore if Congress enacts President Barack Obama’s plans to impose higher taxes on U.S. companies’ foreign profits.
You don't say.
I wonder if these jobs will be subtracted from the "jobs created or saved" mantra that the federal and various state administrations are flippantly bandying about? All effects of these insane financial policies, both positive and negative, should be taken into account for true measure, shouldn't they?
He continues by saying that "fiduciary responsibility to shareholders would require Microsoft to cut costs, he said, meaning many jobs would be moved out of the country."
Microsoft employs over 56,000 people in the United States.
For now.
Wednesday, June 3, 2009
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1 comments:
ugh, good catch - this is the first I've heard of this gem.
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