The HIRE Act: US Tax Threatens India's Tech Dominance
Update: 2025-09-11
Description
Could a new US tax cripple India's tech industry? Senator Bernie Moreno's HIRE Act proposes a 25% tax on American companies that outsource jobs, potentially devastating India's IT sector, which relies heavily on US clients like Apple and American Express. With experts warning of total taxes reaching 60%, companies are already delaying deals, and legal battles loom. Is this the end of outsourcing as we know it?
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