By Jia Lynn Yang, writer
There's a frequent line in President Obama's speeches that makes every U.S. tech executive cringe: his vow to cut tax breaks for "companies that ship our jobs overseas."
Obama's brushing over some details here. The U.S. tax code does not literally give a company a tax break every time it moves a job offshore. But it does allow companies to defer paying taxes on their overseas profits, MOREFeb 8, 2010 11:26 AM ET
Proposed tax hike on international operations could delay economic rebound
By John Chen, chairman and CEO, Sybase
President Barack Obama has proposed to raise taxes on the international operations of U.S. businesses. There is one thing the proposal can effectively achieve: make the United States an even less friendly place to do business, and thus delay the economic recovery.
The current environment is dire to begin with. The U.S. has the highest corporate MOREJul 16, 2009 8:45 AM ET
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