If HIRE Bill in US becomes reality, it will light a fire in Indian economy: Congress
A proposed US Senate bill could impose a 25 percent tax on payments made by American companies to foreign workers. This legislation, known as the HIRE Act, directly impacts India's IT, BPO, and consulting sectors. If passed, it may force a new economic reality for India's service exports. The bill reflects a growing US sentiment to protect domestic white-collar jobs.
A proposed US Senate bill could impose a 25 percent tax on payments made by American companies to foreign workers. This legislation, known as the HIRE Act, directly impacts India's IT, BPO, and consulting sectors. If passed, it may force a new economic reality for India's service exports. The bill reflects a growing US sentiment to protect domestic white-collar jobs.
