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	<title>New Tech Today &#187; microchips</title>
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		<title>What will be the effect of Obama new taxes on competitiveness of American hi-tech corporations abroad?</title>
		<link>http://www.newtechtoday.com/152/what-will-be-the-effect-of-obama-new-taxes-on-competitiveness-of-american-hi-tech-corporations-abroad/</link>
		<comments>http://www.newtechtoday.com/152/what-will-be-the-effect-of-obama-new-taxes-on-competitiveness-of-american-hi-tech-corporations-abroad/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 17:03:55 +0000</pubDate>
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				<category><![CDATA[Tech News]]></category>
		<category><![CDATA[american operations]]></category>
		<category><![CDATA[india]]></category>
		<category><![CDATA[indian government]]></category>
		<category><![CDATA[indian operations]]></category>
		<category><![CDATA[microchips]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[USAMicrochip]]></category>

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		<description><![CDATA[Lets say there are two competing companies USAMicrochip and IndiaMicrochip. Before Obama both companies paid 35% tax on American operations and 10% tax on Indian operations. The field was level. 
Under Obama new rules both companies will again pay 35% tax on American operations, and in India
USAMicrochip  will pay 35% tax (10% to Indian [...]]]></description>
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