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February 26th, 2009, 02:40 AM
#4
The U.S. has one of the highest corporate tax rates in the industrialized nations. We are around 35% or so.
You are wrong in several respects there............our corporate taxes are around 40~50%.
The answer is that an Indian will work for $800 a month whereas his US counterpart will want $800 a week.
Over the years I have filed corporate tax returns for the US, Canada, Australia, South Africa and most Western European countries and I can assure you that direct labour costs are totally deductible in calculating taxable revenue 
The issue is expected compensation levels, no more, no less.
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