Starbozz’s Blog

My World

Tax Changes for Overseas Firms

obama-newAmerican President Barack Obama proposed changing provisions in the tax code that he says encourage U.S. companies to move jobs overseas, as part of a broader package aimed at saving $210 billion over 10 years.

Obama will seek to follow through on a campaign promise to change the tax treatment of American firms with overseas operations. That portion of his plan — opposed by such firms as Pfizer Inc and Oracle Corp — would raise more than $100 billion in revenue over the next decade.

In an echo of a line he used often on the campaign trail last year, Obama vowed in a February address to the U.S. Congress to make the tax code more fair by “finally ending the tax breaks for corporations that ship our jobs overseas.”

Currently, U.S. firms are allowed to defer paying taxes on profits earned overseas if they plow those profits back into their foreign subsidiaries. An array of firms signed onto a letter to congressional leaders in March opposing changes to the so-called deferral provision, saying they would make U.S. businesses less competitive.

May 3, 2009 Posted by | Business sector, News, Personal | , , , , , | Leave a comment

India and Pakistan to Fight against Terrorism

indo-pak-newUS government wishes that India and Pakistan, the two neighboring asian countries must join their hands together in eliminating terrorism. The US government has urged India to support Pakistan in its war against Al Qaeda and Taliban insurgents along the Afghan border.It will be important for India to make clear that as Pakistan takes steps to deal with extremists on its own territory and India will be supportive.

Steinberg said that New Delhi has a ‘huge stake’ in making sure both Pakistan and its neighbour Afghanistan is stable.The US has also called on India to pull back its troops that were deployed on the Pakistan border after the Mumbai terror attacks last year, the report said. Over 170 people were killed and many more injured in the attack.Pakistan, in response, moved thousands of its soldiers from its border with Afghanistan to the Indian border. Read more..

April 22, 2009 Posted by | Fact, India, Issues, News, Personal | , , , | 3 Comments

Obama abandons Vets Insurers!

obama US President Obama’s administration is abandoning a controversial plan to charge private insurers for treatment of veterans’ service-connected ailments.
Although the president believes the plan would raise more money for veterans’ care, the administration is dropping the idea after hearing the objections of veterans groups.

The President listened to concerns raised by the veterans service organizations that this might, under certain circumstances, affect veterans and their families’ ability to access health care. News of the change of heart originally came from Speaker of the House Nancy Pelosi, who disclosed the decision to reporters while meeting with a group of veterans on Capitol Hill.

Veterans’ representatives and members of Congress have angrily opposed the proposal, which White House spokesman Robert Gibbs said was never finalized.Leaders from 11 veterans groups discussed their position in a meeting Wednesday afternoon with White House Chief of Staff Rahm Emanuel.

Another attendee, Iraq and Afghanistan Veterans of America Executive Director Paul Rieckhoff, said Emanuel was quick to come back after hearing the veterans’ groups stand firm and tell them.The meeting was very short, said King. Despite the difference in opinion, King said the atmosphere was cordial and “everybody seemed comfortable.”

On Monday, the groups met with President Obama, Emanuel, Secretary of Veterans Affairs Eric Shinseki and Steven Kosiak, director in charge of defense spending for the Office of Management and Budget. The administration saw the plan as a way of raising more than $500 million in revenues for the Department of Veterans Affairs. However, veterans groups saw it is a violation of what they said is the government’s moral obligation to treat veterans injured during service to their country.

March 19, 2009 Posted by | Issues, News, Personal | , , , | 1 Comment

Is 21.12.2012 End???

I read an article about “Mayan Calendar”… I would like to share it with you all my friends!!!

According to Mayan Prophecy 21.12.2012 is a time of transition from one World Age to another…. Is it so??? Let’s go in Depth..

The message as per “Mayan Prophecy” says the changes may happen on the choice as how enter our future ahead. Our moving through with either Resistance or Acceptance will determine whether the transition will happen with Cataclysmic changes or Gradual peace and tranquility. It further says that we are living at the end of Galactic day. One galactic day of 25,625 years is divided into five cycles of 5,125 years. The great cycle of Mayan count calendar ends on 2012A.D. We are almost at the end of fifth cycle and this is as much about beginnings as endings..

So friends tell me what you all think about it… Is it a fact based on some Logic… I feel that “Calendars can only say but can’t make it happen. Verdict in God’s hands”

November 11, 2008 Posted by | Nature, Personal | , | 1 Comment

Why God Created EVE???

10. God worried that Adam would always be lost in the garden because he knew men would never ask directions.

9. God knew that Adam would one day need someone to hand him the TV remote because men don’t want to see what’s on television, they want to see what else is on television.

8. God knew that Adam would never buy a new fig leaf when the seat wore out and therefore would need Eve to get one for him.

7. God knew that Adam would never make a doctors appointment for himself.

6. God knew that Adam would never remember which night was garbage night.

5. God knew that if the world was to be populated there would have to be someone to bear children, because men would never be able to handle it.

4. As “Keeper of the Garden” Adam would never remember where he put his tools.

3. The scripture account of creation indicates that Adam needed someone to blame his troubles on when God caught him hiding in the garden.

2. As the Bible says, “It is not good for man to be alone.” He only ends up getting himself in trouble.

AND the #1 REASON WHY GOD CREATED EVE is …

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1. When God had finished the creation of Adam, He stepped back, scratched his head and said, “I know I can do better than THIS!!”

October 20, 2008 Posted by | Nature, Personal | , , , | Leave a comment