CEOs of IT firms in the US call for H-1B visa and tax reforms

United States, 16th March: Nearly 60 CEOs of US IT firms are urging lawmakers and US government officials to introduce reforms in taxes and H-1B visas.

They were protesting against the recent restrictions on the US work visa process.

The aim of these CEOs is to amend rules for the US work visas in order to enable increase number of skilled immigrants come to the US for working here.

Among the issues discussed by Tech CEOs with the US government officials include increased access to skilled immigrant workers through relaxation of US H-1B visa numbers, foreign-trade agreements and reforms in corporate tax system.

The group was in favor of reforms in the US skilled immigration process in order to make it suitable to the requirements of the present global economy.

As per the official statement of the TechNet group, the US government must work towards increasing the upper limit of the US H-1B visas provided to the immigrant workers, make the process of issuing work-based US Green Cards for immigrants efficient and timely, and ensuring stay of foreigners graduating from US colleges and universities within the nation rather than sending them to competitor nations of the US.

The delegation was led by representatives of the New York Stock Exchange, NASDAQ OMX Group, Microsoft, CEO of Cisco, John Chambers and a partner of Kleiner Perkins Caufield & Byers, Jonh Doer.

According to official information, the group of TechNet CEOs has urged for making the present annual limit of US H-1B visas to 70,000.

According to Rey Ramsey, CEO and President of TechNet, the US needs to make investments in innovations as well as future discoveries that will pave the way for creation of high paying employment for increased number of people in the nation and to keep the nation globally competitive.

So, the US must focus on formulation of efficient policies on high skilled immigration, protection of intellectual talent, education, R&D and detailed tax reforms, Ramsey added.

The US needs to identify opportunities of new markets and to offer protection to firms from unfair trade rules. The executives of TechNet reiterated the group’s commitment to creation of new jobs, economic development and increasing competitiveness of the US by focusing on vital issues affecting the economy of the country.