In an interview with DeKoder, former RBI Governor Raghuram Rajan has raised a big concern regarding Trump’s tariffs getting extended from goods to services. Rajan expresses concern over a proposed US bill that intends to tax the earnings of US companies employing foreign workers, which could significantly affect India due to the large number of Indian workers hired by these companies.

In Rajan’s view, the implications ofthe HIRE Act could be more than the recently imposed $100,000 fee for H-1B visa petitions filed after September 21.

Senator Bernie Moreno had introduced the HIRE ACT, which aims to discourage outsourcing by American businesses by preventing them from seeking lower salaries through overseas labor.

The most crucial aspect of the bill is that it aims to tax even the ‘outsou

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