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Schumer Wants to Tax Businesses Using Overseas Call Centers

To discourage businesses from outsourcing their operator services, Sen. Charles Schumer (D-N.Y.) is proposing legislation to tax businesses that set up help

Jul 31, 2020
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To discourage businesses from outsourcing their operator services, Sen. Charles Schumer (D-N.Y.) is proposing legislation to tax businesses that set up help lines overseas. The levy, under Schumer’s bill, would be a quarter-cent per call. Reuters reports:
Customers calling 800 numbers are often transferred overseas, and in such cases the bill would mandate that callers be told where their calls were rerouted.
Companies would also be required to certify to the Federal Trade Commission annually that they were complying with the requirement, and face penalties if they did not certify.
“This bill will not only serve to maintain call center jobs currently in the United States, but also provide a reason for companies that have already outsourced jobs to bring them back,” Schumer said in statement.
And that might be true, but don’t expect the investor class to jump on board. (And don’t expect Wall Street, which Schumer represents, to be pleased either.)
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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