US-based companies that depend on H-1Bs may:

- stomach the cost increase,

- reduce the number of H-1Bs they hire,

- move (the company) out of the US (i.e. to less imposing jurisdictions).

If companies choose the latter, the irony is the resulting reduction in US tax revenue from companies moving out could outweigh the gains in revenue from the $100k H-1B tax, thus resulting in lower US government tax revenues due to the change.

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naveen99 2 hours ago | parent | next [-]

https://www.moreno.senate.gov/press-releases/new-moreno-bill...

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zerosizedweasle 8 hours ago | parent | prev | next [-]

Look if they are willing to do this, what makes you think they will allow them to move abroad without severe penalties? We are in a new era. Think of all the power the US government could bring to bear on a company.

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nomilk 8 hours ago | parent [-]

> what makes you think they will allow them to move abroad without severe penalties

To my knowledge, there's no penalty (severe or otherwise) for shutting down a company in the US.

There are probably many more gentle solutions too, like if a multi-national wants an H-1B, but they have offices in other countries, they might simply hire through their offices in other jurisdictions. The employee could even take extended work trips to the US if required (but remain hired through the other country's office).

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zerosizedweasle 8 hours ago | parent [-]

I think you underestimate the new populist era of state capitalism. The free market no longer reigns supreme. National interest is the guiding light. They will figure out ways to coerce companies to follow their agenda.

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techblueberry 8 hours ago | parent [-]

National interest would be a big improvement from what it seems like the current guiding light is.

	▲	zerosizedweasle 8 hours ago \| parent \| next [-]
		Maybe so, but the point is, this whole 'we'll just move abroad and outsource and there will be no consequences' doesn't take into account how the environment has changed. Do tech companies really want to face off against the power of the government? Is that even a fight they could win? The government could sanction them, cut off their access to the US banking system. All sorts of ways to make them hurt.
	▲	foogazi 2 hours ago \| parent \| prev [-]
		Could also be bad too Just make sure you know what the fence was for

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slaw 5 hours ago | parent | prev [-]

Or start hiring local talent.