In the opening speech today at the Cisco Financial Analyst Conference, CEO John Chambers hoped that the tax treatment of corporate cash outside the US would become conducive to repatriating those funds back into the US, thus encouraging the funds' expenditure within the US border.
Last month, at the Aspen Forum, Intel CEO Paul Otellini warned the audience, as reported by CNET:
Unless government policies are altered, he predicted, "the next big thing will not be invented here. Jobs will not be created here."And, he further observed on how the Government's efforts have worked so far:
"Every business in America has a list of more variables than I've ever seen in my career." If variables like capital gains taxes and the R&D tax credit are resolved correctly, jobs will stay here, but if politicians make decisions "the wrong way, people will not invest in the United States. They'll invest elsewhere."Is the US Government listening? The policymakers need to work this problem at a global level: Every government has an obligation to provide a decent living opportunity to its citizens.