▲ | dzonga 17 hours ago | |
let's work with data: one of SV darlings: Rippling has 84 jobs listed in India - mostly software the US techincal jobs are mostly at Senior & Staff Level and they're around 60 what's going to happen: companies will maintain US offices for Sales (Account executives etc). while software which most of us do here - is shipped to cheaper locations even a bill like this - hire act [0] - can be circumvented by clever legal structures. have a Cayman islands company that holds IP - is the shareholder in the US company etc, the indian or offshore company develops the software. no more excise tax on payments to offshore contractors [0] - https://forumtogether.org/article/bill-analysis-halting-inte... | ||
▲ | MrMorden 14 hours ago | parent [-] | |
That bill appears strictly performative, especially when the Democrats can and have shut down the House by merely demanding a vote on attaching Epstein riders to bills. If there were to be a bill that successfully implemented a 25% tax on offshoring for US companies, US investors would rapidly improve their ability and inclination to invest in other places. Nobody's going to increase or decrease offshoring as a result; the non-executive jobs that are in the US without a legal (e.g., security clearance) requirement are those that the CFO and board are already satisfied have substantial -EV if they were to be performed from a low-wage country instead. Contrary to the article, Indians don't have a binary choice between working in the US and India; if the former no longer provides the ability to have higher QOL and savings on a tech salary, the people who used to get an H-1B will go to Canada, Europe, and Australia instead. |