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UNSHAKEN: IT service companies say current contracts will keep business here for the next 2-3 years.

UNSHAKEN: IT service companies say current contracts will keep business here for the next 2-3 years.

India IT firms unalarmed at US' tax break threats

US President Barack Obama's threat to stop tax breaks to companies shipping jobs abroad sent IT stocks into a spin. But the industry says there's little cause for worry. The threat is more to do with reducing tax differentials for US companies with overseas subsidiaries.

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