India can create jobs in America

Bangalore: Although the debate on outsourcing might be going on in the U.S. rages, its Ambassador to India, Timothy J Roemer said today that India can create jobs in America taking advantage of its 'fair tax policy', reports PTI.

Timothy J Roemer also sought to downplay concerns that U.S. President Barack Obama was targeting American companies having operations in India ever since he called such businesses tax evaders. "There are some companies that try to take advantage of U.S. law, not in India; they try to manipulate U.S. law for the most part and create tax havens in other places in the world", said Roemer.

Speaking in the context of outsourcing to India, Roemer said that the U.S. also believes 'very, very deeply' in regard to trade issue. "You can create jobs in America, and have fair tax policy and double your exports", he said.

Obama had said earlier this week, "If you are a business here, entirely located in the U.S., and investing in the U.S., and hiring workers in the U.S., you are paying a 35 percent rate. However, if you are a multinational and you are investing in India, and your workforce is in India, and your plants and equipment are in India, but your headquarters are here, you are taking deductions on all the expenses in India, but you are keeping your profits outside the U.S.; and that just doesn't seem entirely fair."

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