BPO players confident after win of anti-outsourcing Obama
Industry experts from the business process outsourcing (BPO) believe that Barack Obama’s victory in the US presidential election will have no major direct impact in the growth of the industry in the Philippines.
Oscar Sañez, chief executive officer of the Business Process Association of the Philippines (BPAP), said that victory of Obama will have only little effect on the BPO industry in the country.
Obama has expressed during the campaign that he is not in favor of outsourcing jobs to other countries. His campaign website (www.barackobama.com) said that Obama and his vice-president-elect Joe Biden would end tax breaks for companies that send job overseas.
“Barack Obama and Joe Biden believe that companies should not get billions of dollars in tax deductions for moving their operations overseas. Obama and Biden will also fight to ensure that public contracts are awarded to companies that are committed to American workers,” the website reads.
Obama was also among those who introduced the Patriot Employer Act of 2007, which seek to reward companies that create good jobs for American workers by providing tax credits to firms that maintain their corporate headquarters in the United States and maintain or increase their full-time workers in America relative to those outside US.