Find out which companies are outsourcing jobs in your area

Someone should explain to the AFL-CIO what "Trade Adjustment Assistance" is. They listed every company that gets TAA as a company that has outsourced jobs but the program has NOTHING to do with job outsourcing.

"Trade Adjustment Assistance for Firms (TAA), a federal program, provides financial assistance to manufacturers affected by import competition. Sponsored by the U.S. Department of Commerce, this cost sharing federal assistance program pays for half the cost of consultants or industry-specific experts for projects that improve a manufacturer's competitiveness."
http://www.taacenters.org/


Other than the TAA list the only source they seem to list is "CNN's Lou Dobbs said so."

Just remember who were the ones that jumped on "outsourcing" as if it was a dirty conspiracy to rob the noble and beleagured American worker. Remember who they are because they will be the same ones who will be sniping at the President, our troops, the American flag, freedom and all those meaningless things that make up the American way of life.
The Guilty Dogs barked first.

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Taxing Global Profits


Published: September 17, 2004


A new study showing that American multinational companies booked a record $149 billion of profits in tax-haven countries in 2002 is further evidence, if any were needed, that the corporate tax structure is much in need of repair.

The research, done by a former Treasury Department economist and published in a journal that is the tax industry's bible, Tax Notes, looks at American subsidiaries that are located in countries with low or no corporate taxes, like Ireland, Bermuda, Luxembourg and Singapore. Some offshore entities are merely tax-reducing way stations. In other places, American companies have legitimate business operations, which are often coupled with aggressive tax-avoidance strategies.

Take a simplified example: Say a company has a subsidiary in Ireland that manufactures a computer part for $10 to be sold to customers in the United States for $50. The Irish subsidiary sells the part to the American parent company for $35 - a markup that is so huge as to be abusive because the high-value patents and know-how for the part exist in the United States. When the part is sold in this country for $50, the company will owe tax on $15 of the profit, even though it will make $40 on the deal - $25 of that will be booked as profit for its Irish subsidiary.

The study concludes that the more that American companies can use foreign subsidiaries to lower taxes, the greater their incentive to invest and employ staff abroad. That means a steady, significant erosion of this nation's corporate tax base, amounting, the study says, to "many billions of dollars."

Some tax analysts have latched onto findings like these as a reason to do away with the corporate income tax altogether. In a world where capital flows freely, they say, nothing can stop the sheltering of profits.

Yet the tax avoidance that is abusive stems as much from gaping loopholes in the system as from the system itself. In 1998 and 1999, for example, business interests successfully lobbied Congress to block Internal Revenue Service regulations that would have curtailed the abuses. In addition, past and present Congresses and administrations have been lukewarm, at best, in supporting efforts by the Treasury Department and the I.R.S. to enforce existing law.

Global capital presents a big challenge for tax collectors, and there are no easy answers. After careful study and debate, it might make a lot of sense to enact some other type of tax, like a European-style value-added tax, that could more efficiently capture the profits that currently escape the United States tax system.

What is unacceptable is for antitax forces and their allies in Congress to allow the current system to fail so they have an excuse to "reform" it, often in ways that are as much ideological as they are economic - by, for instance, eliminating taxes on profits, thus shifting the burden to wage earners. Genuine reform would start with ending abusive tax shelters abroad.