Remittances tax: How Donald Trump's 'The One Big Beautiful Bill’ may turn out to be ugly for Indians in the US
Tuesday, 27 May 2025 A proposed US bill, dubbed 'The One Big Beautiful Bill,' could impose a 3.5% remittance tax on money transfers from the US to India by 2026, impacting Indian immigrants, including H-1B visa holders and permanent residents. This legislation, awaiting Senate approval, may significantly increase the financial burden on the Indian community, potentially costing them over a billion dollars annually.
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A proposed US bill, dubbed 'The One Big Beautiful Bill,' threatens to impose a 5% remittance tax on non-US citizens, including H-1B and green card holders,... IndiaTimes
India faces a potential remittance problem as the US tightens migration policies and proposes a 5% tax on remittances. This could significantly impact the $120... IndiaTimes
Tuesday, 27 May 2025
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