China’s growing strength

Shanghai is set to become the new Bangalore according to a recent report released by KPMG. The report entitled, ‘A new dawn: China’s emerging role in global outsourcing’ has China down for outsourcing greatness over the next few years. The main reason for this? The fruition of the Chinese government’s 2006 plan [...]

Obama’s first move

Obama has revealed his first move at reducing the amount US companies offshore. He has proposed a tax revision which will mean that US companies, earning income overseas, will have to pay US corporate tax on that money immediately, rather than deferring payment until the income is returned back to US soil. Obama [...]