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 Posted: Thu 10:09, 10 Mar 2011 Post subject: Union busting is one cause of outsourcing |
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Union busting is one cause of outsourcing.nhl jerseys As unions are disadvantage by union busting legislation, workers lose bargaining power and it becomes easier for corporations to fire them and ship their job overseas.[35]
Another given rationale is the high corporate income tax rate in the U.S. relative to other OECD nations,[36][37][38] and the practice of taxing revenues earned outside of U.S. jurisdiction, a very uncommon practice. However, outsourcing is not solely a U.S. phenomenon as corporations in various nations with low tax rates outsource as well, which means that high taxation can only partially, if at all, explain US outsourcing. For example,rolex daytona,cheap ed hardy the amount of corporate outsourcing in 1950 would be considerably lower than today, yet the tax rate was actually higher in 1950.[39]
It is argued that lowering the corporate income tax and ending the double-taxation of foreign-derived revenue (taxed once in the nation where the revenue was raised, and once from the U.S.) will alleviate corporate outsourcing and make the U.S. more attractive to foreign companies. However, while the US has a high official tax rate, the actual taxes paid by US corporations may be considerably lower due to the use of tax loopholes,rolex daytona tax havens, and attempts to "game the system".[40] Rather than avoiding taxes, outsourcing may be mostly driven by the desire to lower labor costs (see standpoint of labor above).
At April 2010, USA - based ratings agency Standard & Poor's (S&P) awarded Bangladesh a BB- for a long term in credit rating which is below India and well over Pakistan and Sri Lanka in South Asia.[64] And, despite continuous domestic and international efforts to improve economic and demographic prospects, Bangladesh remains a developing nation.[65] However, Bangladesh gradually decreased its dependency on foreign grant and loan from 85% (In 1988)[66] to 2% (In 2010) [67] for its annual development budget.replica rolex watches Its per capita income in 2010 was US$641 compared to the world average of $8,985.[68] But, if purchasing power parity (PPP) is taken into account, Bangladesh's economy is the 44th largest in the world at US$257 billion according to the IMF.
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