Will Biden’s Offshore Tax Plan Mean Bad News for U.S. Companies That Outsource?

Will Bidens Offshore Tax Plan Mean Bad News for U.S. Companies That Outsource

For businesses that are outsourcing offshore to grow beyond the COVID-19 pandemic, U.S. President-elect Joe Biden’s proposed new tax on profits from outsourcing won’t necessarily spell hard times. Opportunities to scale are still plenty, and the benefits of outsourcing are likely to outweigh the effects of this new tax plan.