The Indian parliament is deliberating tax code alterations that could impact several other countries. “The proposed changes could cost American businesses with Indian subsidiaries or Indian outsourcing initiatives a significant amount of money,” Ephraim Schwartz explains in India to trap outsourcers in tax net. As the Indian government moves to capture move revenue via taxes, it will become increasingly expensive for American companies to conduct business there. Included in the services tax net will be Internet-oriented and telecommunications, Schwartz explains. “Add to this a turnover rate now being pegged at 105 percent, plus the weak dollar, and we can see that outsourcing in India is going to cost U.S. firms a great deal more going forward.” Technology Industry