Either software or product, all the lead is taken from USA, mainly concept, design and planning, but everything developed (or manufactured) outside of USA. This is mainly cost driven and tax reduction purpose.
iphone designed in USA, manufactured in China, software developed in India and all are routed though ireland for tax purposes.
Trump protectionism helps avoid software development abroad. When a software is developed outside USA, it will be considered as import,border tax will be imposed on it !
Same thing happening with hardware design already. From a close relative I can see new sensor design teams are being created exclusively outside the US within the same company. Don’t know how widespread that is.
How can border adjustment tax be applied to software? Software is a service, it’s IP. It would be really hard to determine where software is manufactured
Apple gives the contract to Indian company, Say Infosys, $2M in a year.
Infosys employs 2 onsite, pays 300k/year, and 15 offshore team members pays 700k/year, keeping rest 1M as profit.
When infosys tries to deduct 700k as expense, it should not be allowed as expense (Trump plan) or import tax (Rep. plan) has to be applied as expense while 300k will be allowed as expense.
I do not know how it is going to be finalized, but this can be done.
When was it when the leader put an example for everybody to follow? I don’t recall anybody sacrificing himself for the cause in my 28 years in this country.
Republicans want to punish silicon valley by increasing the wages they should pay to foreigners. Meanwhile they are blind to the pleas of public in general that want a fair wage to be earned.
Are we talking about a border tax for software, anything made in overseas, and that includes Trump and his family crappy merchandise too?
So, until we see the so called president teaching us how to bring his crappy clothing line, his family jewelry, shoes, furniture and else to be manufactured in this country, while keeping the same price at the store, he is welcome to my house.
In the campaign trail he promised jobs, while his signature businesses were requesting H2B visas for foreigners. Just requesting one visa destroys all he talks, at least what we believe should be credible. Now his son is in need of migrants to work on his vineyards disregarding the American workers that allegedly need a job.
He is just there for the self portrait, he doesn’t have a clue. He is re-inventing the wheel, trying to fit a square peg in a round hole.
Other than that, he is playing the American people like a fiddle.