The HIRE Act: Will a New 58% Tax Bring Procurement Jobs Back Onshore?
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The HIRE Act: Will a New 58% Tax Bring Procurement Jobs Back Onshore?
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Join tom and Alan on the latest episode of Rebuild Procurement where they discuss how outsourcing might get 58% more expensive? Tom and Alan break down the proposed HIRE Act, a new US Senate bill that would introduce a 25% tax on offshored services. We discuss why this legislative move—if passed—could cause a 58% increase in the cost of outsourced services , completely changing the Excel math for procurement and BPO decisions. Learn how this bill could boost investment in North American onshore labor and what it means for the soft procurement job market today. Plus, we give our "Likely or Unlikely" verdict on whether this bill passes and when it might actually impact your company's strategy.
#HIREAct #OffshoredServicesTax #ProcurementOutsourcing #BPOtax #USJobMarket #CostOfOutsourcing #OnshoreVsOffshore #ProcurementJobs #SupplyChainFinance #SenatorBernieMorena #ManagedServices #LaborCosts #ProcurementStrategy #Recession #RebuildProcurementPodcast #TomFinn #AlanVeeck
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