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US Senate proposes 25% tax on foreign outsourcing service payments
short by Ishita Ranganath / on 12 Sep 2025,Friday
US Senate introduced HIRE Act that proposes 25% tax on payments American companies make for foreign outsourcing services. This bill aims at making outsourcing less attractive and keeping more jobs in the US, amid mass immigrant deportations in the country. This move might impact India's IT industry, which relies on US clients. However, it has seen pushback from tech firms.
short by Ishita Ranganath / 07:35 pm on 12 Sep
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