Tag: remittance
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Explained: 1% remittance tax and university endowment levy in Trump’s ‘Big, Beautiful Bill’
The United States Congress has passed the 'Big, Beautiful Bill' backed by US President Donald Trump. The bill is now headed to President Trump,...
US Senate proposal slashes remittance tax to 1%, offers relief to NRIs
The latest US Senate draft of the One Big Beautiful Bill Act, released on June 27, has reduced the proposed remittance transfer tax to...
How the proposed 3.5% US remittance tax could shrink savings for NRIs, visa holders
Sending money home from the United States could get costlier for immigrants if a proposed 3.5% excise tax on remittances becomes law. The US...
