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Strategies & Market Trends : India Stocks

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To: greenehugh who wrote (399)	3/11/2004 11:02:05 PM
From: Julius Wong	of 2517

Indian IT firms get US tax blues K.YATISH RAJAWAT MUMBAI: The California government's move to tax Infosys in the US has all Indian IT companies worried. California's tax code requires corporations to pay taxes on a worldwide basis. However, the code also has a provision which permits corporations to pay taxes only on the profits earned from operations within the state of California economictimes.indiatimes.com

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