(November 21, 2011 at 6:01 pm)Cthulhu Dreaming Wrote: 14) (End Outsourcing) I find it curious that they speak both of "ending loopholes" and "providing tax incentives". One man's loophole is anothers incentive - in other words, many of the "loopholes" that reduce corporate tax burden are intentionally codified as incentives, or are incentives that are used in unintended ways. The point is - every new incentive is an invitation to game the tax system. In addition - as long as there is economic incentive to reduce labor costs by using foreign labor, there will be those that do so. That being said, I too would like to see this practice disappear, I'm just not convinced it can be done.
I don't see a way it can be done that doesn't also reduce 'insourcing'. Thousands of foriegn companies set up shop in the USA and employ millions of Americans. Refusing to allow American companies to do the same would not sit well with the global community. It isn't so much something to be eliminated, more like something to make sure we're not unduly incentivizing.
