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231 India's IT Sector Nervous as US Proposes Outsourcing Tax

Slashdot
msmash @ Slashdot · today 10:41 EDT

India's IT Sector Nervous as US Proposes Outsourcing Tax

India's massive IT sector faces a lengthy period of uncertainty with customers delaying or re-negotiating contracts while the U.S. debates a proposed 25% tax on American firms using foreign outsourcing services, analysts and lawyers told Reuters. From a report: The sector is likely to be on the receiving end of a bill which, though unlikely to pass in its nascent form, will initiate a gradual shift in how big-name firms in the world's largest outsourcing market buy IT services, they said. Still, with U.S. f

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