Feeds

Ballmer clashes with Obama over US tax rules

Threatens to ship MS drones overseas

Reducing security risks from open source software

Microsoft boss Steve Ballmer has threatened to move more US jobs overseas if President Barack Obama refuses to change his stance on ending tax breaks on foreign earnings.

Big Steve told Bloomberg yesterday that US tax rates made jobs “more expensive.”

"We’re better off taking lots of people and moving them out of the US as opposed to keeping them inside the US," he said.

Last month Obama put forward plans to outlaw or restrict about $190bn in tax breaks for offshore firms over the next decade.

Unsurprisingly many business groups in the US have hit out at the proposals, and labelled such a move as “unfair”.

Currently, US tax regulations allow companies to defer foreign profit payments of corporate rates by as much as 35 per cent as long as the cash remains invested overseas, but Obama wants to kybosh those rules.

The newly-installed president thinks such an overhaul of the system would help the US retain jobs, while Ballmer claims it would have a negative impact for workers, as well as hitting Microsoft's bottom line, of course. ®

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.