The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will “light a fire in the Indian economy” if it becomes a reality.
The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were “lost” to China, white-collar jobs should not be “lost to India.”
Congress general secretary in-charge communications Jairam Ramesh made the remarks, referring to the Halting International Relocation of Employment Act, or HIRE Act Bill, introduced on October 6 by Senator Bernie Moreno of Ohio.
The bill has been referred to the Senate Committee on Finance, he said on X.
The bill proposes a 25 per cent tax on any US person making an outsourcing payment, defined as “any money paid by a US company or taxpayer to a foreign person whose work benefits consumers in the United States,” he said.
The bill has a direct and deep impact on India’s IT services, BPO, consulting and GCC​The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will “light a fire in the Indian economy” if it becomes a reality.
The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were “lost” to China, white-collar jobs should not be “lost to India.”
Congress general secretary in-charge communications Jairam Ramesh made the remarks, referring to the Halting International Relocation of Employment Act, or HIRE Act Bill, introduced on October 6 by Senator Bernie Moreno of Ohio.
The bill has been referred to the Senate Committee on Finance, he said on X.
The bill proposes a 25 per cent tax on any US person making an outsourcing payment, defined as “any money paid by a US company or taxpayer to a foreign person whose work benefits consumers in the United States,” he said.
The bill has a direct and deep impact on India’s IT services, BPO, consulting and GCC ​Latest News [ SOBAN NEWS: International and National ]
