New Delhi: India has slammed the US move to impose a new tax that makes Indian IT companies like Infosys, TCS and wipro fund the compensation package for victims of 9/11.
The James Zadroga 9/11 Health & Compensation Act, 2010 proposes higher visa fees and is under consideration in the US congress. The Act has 'pay for' provisions which propose higher visa fees for H1B and L1 visas. The Act also proposes imposition of a 2% fee on goods and services imported by the US government.
The bill will raise $ 4.2 billion and comes into effect next July. The firms say its a protectionist move, India calls it a 'retrograde step' in trade relations
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