Obamination,

Well, Obama's administration has decided to enforce "tax laws" on foreign income of the companies outsourcing from U.S. This move definitely aims at realizing Obama's Bangalore to Buffalo view, he expressed few days ago. In short, its a strategic move to shift the current Outsourcing to various countries including India, towards the American pockets. The implementation of this policy suggests that the cost of firms outsourcing (majorly to India) would increase by 50%.
Till now, the tax-policy of the U.S. Government was such that no tax was being levied no the incomes of the firms outsourcing to other nations in the IT sector, but now taxes will be levied. Here, I would like to say that U.S. accounts for India's 60-65% Exports of IT sector. This tax scheme would increase the cost of U.S. companies, thereby discouraging them to outsource, but on the other hand, would give the IndiaN IT giants like Wipro, Infosys, etc., a price edge over its Global competitors like Microsoft, I.B.M., etc.
This move though encourages the U.S. companies to remain within the boundaries of nation, still, if our sector makes necessary cost-adjustments, it would surely continue its successful growth. Still, the tax-policy hasn't been applied and the talks are going on. Lets hope it doesn't happen and even if it happens, it shouldn't damage our IT sector.
Do express your views.