ArticleHIRE Act Would Impose Excise Tax on Outsourcing Payments
September 19, 2025Sen. Bernie Moreno has proposed the HIRE Act, which would introduce a 25% excise tax and deny deductions for certain payments related to offshoring services that benefit U.S. consumers. This legislation targets outsourcing arrangements, such as call centers and shared service centers, and includes increased penalties for noncompliance. If enacted, the bill would have notable implications for taxpayers engaged in these activities.
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