Big blow for Indian IT soon? Trump administration’s HIRE Act sends jitters; likely 25% tax on jobs sent overseas sparks concern
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A proposed US bill, the HIRE Act, threatens Indian IT firms with a 25% tax on outsourced services, potentially eroding their competitive edge. This legislative move, coupled with existing market pressures, could force Indian companies to seek growth beyond the US and impact new contract acquisitions. The bill raises concerns about increased costs and reduced demand for IT services. What's Your Reaction?
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