An army of lobbyists supported by tech giants Google (GOOG -1.1%), Apple (AAPL -0.8%), Cisco...

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inthemoney Comments (981)
 
All these IT companies hire almost exclusively in India and Asia these days. There will be no jobs created from a tax holiday, just more financial engineering. I agree.
30 Sep 2011, 10:30 AM Reply Like

dividend_growth Comments (2749)
 
Apple and Google hire predominantly in the Silicon Valley.

Apple's new Cupertino HQ will be 3 times the size of its current one.

Google's 2004 Mountain View HQ has already become hopelessly crowded.

Nokia recently opened a large office complex in downtown Sunnyvale, while closing many sites in Europe.
30 Sep 2011, 07:21 PM Reply Like

Jkirk3279 Comments (575)
 
Sunnyvale ? Isn't there a HellMouth under their public school?

Joke ! It's a JOKE !

Sheesh. Some people don't appreciate the classics.
1 Oct 2011, 02:26 PM Reply Like

inthemoney Comments (981)
 
That is why it says "designed in the US made in China"? I agree that they hire software engineers in California. But guess what, US doesn't have enough software engineers as it is. Easily 50% of them are immigrants on H1B visas and greencards. Not that there is anything wrong with it. I am an immigrant myself. But the scale is simply not there when we are talking about the massive tax insentives in exchange for how many? - may be 500 software engineer jobs, where 300 of them will be taken by indians?
3 Oct 2011, 09:47 AM Reply Like

avickrey Comments (38)
 
Stock buybacks will help though. Think of all of the near retired boomers hanging on to jobs just because their nest egg isn't where they imagined due to the recession.

There are hungry, driven Gen Y-ers ready to take advantage of this and innovate. We need boomers to retire - the result will be two-fold. Decrease in the jobless rate as job seekers fill the void left by career advancement of the younger workforce and more innovators in the marketplace, making critical decisions to bring some of these fledging businesses out of the doldrums.

This has to happen, as long as we are dedicated to protecting our corporations from failure.
30 Sep 2011, 10:44 AM Reply Like

kmi Comments (3844)
 
For one, job recovery starts from small business, not from corporates.
This has been proven repeatedly.

For another, I will argue vehemently against any tax holiday unless I receive one too.
30 Sep 2011, 05:48 PM Reply Like

Brian Bardfield Comments (2)
 
This is moral hazard of the worst kind...all it would do is further incentivize companies to offshore jobs, if every 5 or 10 years they can bring the profits back tax-free. The repatriation should be at a 15% tax rate and the money should go to an infrastructure fund. No way should they be rewarded for destroying the middle class and further enriching the top 1% that owns most of their shares.
1 Oct 2011, 06:47 PM Reply Like

rabbit5 Comments (5)
 
Offer tax holidays to these behemoth corporations if they agree to invest sixty percent of the savings realized in a government created program that will build and rebuild Americas infrastructures that are so in need of repair. Roads, bridges, dams all falling to ruin while we are building democracies in the Middle East...oh yeah! It is also important to remember that most of the 1T that is locked away off-shore is profit, a direct result of outsourcing the majority of the labor to sweatshops in Asia and India that is contributing to the unemployment numbers in America. Shame, shame on these corporations. Greed is Not good.
1 Oct 2011, 06:52 PM Reply Like