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US Proposes Outsourcing Tax, Should India’s IT Sector Worry?

US Proposes Outsourcing Tax, Should India’s IT Sector Worry?

Outsourcing Tax: The United States is debating a proposed 25% tax on American firms that employ foreign outsourcing services. Analysts and attorneys say this proposal puts India’s massive IT sector at risk of prolonged uncertainty, as customers postpone or re-negotiate contracts. They add that even though lawmakers are unlikely to pass the bill in its […]

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