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Proposed US corporate tax rate hike may not dent IT companies’ demand strength: CLSA

Updated : April 07, 2021 02:18:50 IST

The brokerage note says that it should be broadly neutral for the effective tax rates of Indian IT companies and have minimal impact on sector valuations
The brokerage remains bullish on large-cap IT firms and prefers Infosys, HCL, and Tech Mahindra in the sector.
Drawing comparisons with the 2017 tax cut imposed by the Trump administration, CLSA said that even then it had a limited direct impact on the revenue growth of Indian IT companies.
Proposed US corporate tax rate hike may not dent IT companies’ demand strength: CLSA
Published : April 07, 2021 02:18 PM IST

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