[Tech lobbyists are already sharpening their arguments.] I'm sure some states are eagerly watching what happens in Europe and may try to use the implementation as an excuse to say, Why can't we do the same thing in U.S.? ... But we think [the European VAT tax] should be a substantial concern to anyone interested in free trade and open markets.
"Harris N. Miller" is an American politician, businessman, and lobbyist. He was formerly the president of the Information Technology Association of America and the World Information Technology and Services Alliance (WITSA). On June 13, 2006, he lost the Democratic Party (United States)/Democratic primary in the Virginia United States Senate election, 2006/Virginia U.S. Senate election to Jim Webb.
More Harris Miller on Wikipedia.It's an unfortunate choice of words.
The U.S. government's commitment to continuing to pump out these graduates began to drop off in 1970s. The space race had been won. There was a recession in the late 1960s. The country was hurt by the oil crisis in the early 1970s. And the country had moved away from the attitude of the 1960s that you could solve the world's problems with government spending.
The current tax structure is fairly perverse. Companies are in a lose-lose situation. They're criticized if they leave earnings abroad, and they're penalized [through taxes] if they bring them to the U.S.
Many companies are reporting annual turnover percentages in the high teens to the low 20s. You might expect that in the fast-food business, but not for people making salaries north of $60,000.
There is dislocation, but we are finding there are new jobs replacing the old jobs.
It's like we've been presented with four fancy sports cars we'd all love to own. But now it's not clear which one to pick.
If this ruling stands it could effectively destroy the ability of companies to set up businesses for which they contract out workers.
They are going to be much more effective using their information technology going forward.
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