Big remittance cheer for NRIs! US Senate draft of Donald Trump’s ‘One Big Beautiful Bill’ reduces remittance tax to 1% from 3.5%; details here
Saturday, 28 June 2025 The final draft of the 'One Big Beautiful Bill Act' proposes a lower 1% tax on remittances. An earlier version suggested 3.5%. The United States is India's biggest remittance source.
Donald Trump’s flagship legislative proposal, the "One Big Beautiful Bill Act," faces a dramatic standoff in the U.S. Senate as three Republican senators—Ron Johnson, Rand Paul, and Thom Tillis—oppose it, forcing Vice President JD Vance to step in for a potential tie-breaking vote.
The White...
There’s a tense battle going on in the Senate right now over President Trump’s Big, Beautiful Bill. Key issues include $330B in Medicaid cuts targeting able-bodied individuals, sparking concerns..
Trump’s signature “One Big Beautiful Bill” passed the House—but now faces brutal Senate resistance, major rule carve-outs, and GOP infighting. With Medicaid cuts axed and MAGA turning on its..
US has officially slashed down the proposed remittance tax in the latest draft of the 'One Big, Beautiful Bill', giving a much awaited relief to the NRIs (Non... DNA
Saturday, 28 June 2025
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