Thursday, June 04, 2009

Do You Speak Mandarin? Sayonara

clipped from www.bloomberg.com

June 3 (Bloomberg) -- Microsoft Corp. Chief Executive
Officer Steven Ballmer said the world’s largest software company
would move some employees offshore if Congress enacts President
Barack Obama’s plans to impose higher taxes on U.S. companies’
foreign profits.

“It makes U.S. jobs more expensive,” Ballmer said in an
interview. “We’re better off taking lots of people and moving
them out of the U.S. as opposed to keeping them inside the
U.S.”

Ballmer estimated that higher taxes under the proposal
would reduce profits for companies that comprise the Dow Jones
Industrial Average by between 10 and 15 percentage points.

“It’s just a question of how much will the Dow come
down,” Ballmer said. “It’s not about companies anyway; we’re
talking about shareholders.”