Techies can breathe easy | india | Hindustan Times
Today in New Delhi, India
Dec 11, 2016-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Techies can breathe easy

india Updated: May 06, 2009 01:57 IST

Hindustan Times
Highlight Story

Bangalore’s techies needn’t worry, President Barack Obama’s new tax proposals won’t impact Indian industry much. Obama had cited the example of India’s IT capital to explain his new proposals. The proposals mean multinationals will have to pay taxes on profits earned through overseas subsidiaries — even if the profits are not repatriated back to the US.