Tech group opposes offshoring bill

Rick Merritt, EETimes
9/27/2010 1:06 PM EDT

SAN JOSE, Calif. – The TechAmerica industry group has come out in opposition to a draft bill in the U.S. Senate that claims it will end the practice of offshoring jobs. A vote on the bill in the Senate is expected this week.Richard J. Durbin (D-Ill.) and seven other Democratic senators sponsor the Creating American Jobs and Ending Offshoring Act (S. 3816) which was introduced in the Senate September 21. This legislation would, among other things, end tax deferral for so-called imported property income of controlled foreign corporations (CFCs).

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