An annual tax of 100,000 dollars for H-1B visas could disrupt the operations of Indian IT companies, warns Nasscom.

Nasscom, the organization that represents the IT industry in India, announced that the imposition of an annual fee of $100,000 for H-1B visas will have a negative impact on Indian companies, affecting ongoing projects in the USA. The measure, announced by the White House, has led large companies like Microsoft and Amazon to advise their employees to remain in the USA. Nasscom emphasized that this policy will create uncertainty for businesses and professionals globally, having significant effects on the innovation ecosystem in the USA.