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sanju
11-18-2006, 02:29 AM
US-India negotiating agreement under which temporary workers in US will not have to pay Social Security taxes:

http://ia.rediff.com/money/2006/nov/18india.htm?q=tp&file=.htm

perm2gc
11-18-2006, 02:59 AM
US-India negotiating agreement under which temporary workers in US will not have to pay Social Security taxes:

http://ia.rediff.com/money/2006/nov/18india.htm?q=tp&file=.htm


Get over it dude...

GCwaitforever
11-18-2006, 04:31 AM
"Talking to a small group of Indian journalists Ravi said during the visit of Belgium prime minister Guy Verhofstadt to India earlier this month an agreement, called social security agreement, was signed with Belgian Foreign Minister under which Indians who would work there for less than five years would have the option of paying their social security taxes in India rather than in Belgium."

"For hundreds of thousands of Indian H1B workers in the US, the mandatory payment of social security tax has been an issue since workers who go back to India after six years of temporary employment in the US either voluntarily or due to lack of sponsorship for permanent residency cannot claim the money they had paid from their earnings."

"Ravi, however, did not explain as to how India, which does not have a social security system, would negotiate with the US for a similar exemption for Indian workers."

alterego
11-18-2006, 09:39 AM
So whats his plan? Sounds to me like he is saying these guys are not settling there anyway so let us have their money so we can squander it rather than you?
If he was really interested in our welfare, then why not negotiate that we can get social security payments commensurate with our time here or have those payments rolled over into a IRA or some such thing.
Indian politicians are mostly such a pack of idiots. They are perhaps the single most important reason for the efflux of highly skilled and motivated people from India.
A famous quote of former GE CEO Jack Welch is......"In India you have all these really smart people, you just don't know how to take care of them!"
This idiot politician is living proof of this.