IT cos set to pick tab for US border security - Daily News & Analysis

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Ridiculous as it may sound, a Bill to this effect unveiled by democrat senators Chuck Schumer and Claire McCaskill has been passed by US senate Thursday.

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The Bill, intended to improve security along the US-Mexico border, seeks to fund the programme by levying higher visa fees on companies that do not satisfy the norm of employing at least 50% local staff. Brokerage CLSA Asia-Pacific Markets, in a note to clients after the US Senate approved the bill, said no Indian company meets this criterion and hence they “will be likely hit by higher visa fees”.

IT cos set to pick tab for US border security - Daily News & Analysis

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This page contains a single entry by Viraj published on August 7, 2010 3:31 AM.

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