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What is the US HIRE Bill and why is India’s $250-billion IT sector worried?
Published on: Sept. 9, 2025, 5:34 p.m. | Source: Firstpost
The US HIRE Bill seeks to impose a 25 per cent tax on outsourcing payments, remove related tax deductions, and create a Domestic Workforce Fund for American apprenticeships. With Indian IT majors earning 50-65 per cent of their revenue from US clients, the bill poses significant financial and operational risks to India’s $280-billion technology sector
