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.from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YTgpX3S
https://ift.tt/7fKPEJ4
0 Comments