Proposed U.S. Outsourcing Tax Alarms India’s IT Industry

A planned U.S. tax targeting outsourced firms is raising concerns across India’s information technology sector.

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Terms & Concepts
  • Outsourcing: The business practice of contracting work to external companies, often in other countries, to reduce costs or access specialized skills.
  • IT Sector: The industry focused on the development, maintenance, and use of computer systems, software, and networks for processing and distribution of data.