23 Sep 2025 | 5 Mins Read
Hike in H-1B visa fees spells trouble for Indian IT firms
Flipitmoney
The Halting International Relocation of Employment (HIRE) Act, a bill by US Ohio Senator Bernie Moreno, could significantly erode Indian IT firms' revenue and profitability. It proposes a 25% tax on payments to foreign firms for services offered to Americans. This could inflate client costs by 46%, jeopardizing deal renewals and new bookings for Indian IT firms.