WASHINGTON D.C. – India is poised to face significant financial fallout from a newly implemented 1 percent tax on remittances ...

Trump's proposed 3.5% tax on remittances by foreign workers could seriously impact top recipient India. ... A 10-15% drop in remittances could cost India $12-18bn a year, ...

With the tax now set at 1% instead of 3.5%, the cost of sending money to India has decreased, providing relief to most NRIs. However, some may reconsider large transfers for investments or ...

Trump's proposed 3.5% tax on remittances by foreign workers could seriously impact top recipient India. India leads in remittances - but Trump's tax could deal a blow Skip to main content ...

India’s remittance tax woes in Trump’s ‘big, beautiful’ bill on whatsapp (opens in a new window) Save Veena Venugopal. Published May 27 2025. Jump to comments section Print this page.

With these 32 suggestions, the Committee has provided a roadmap for refining the new income-tax legislation—balancing ...

A new US bill, 'The One Big Beautiful Bill,' proposes 5% tax on remittances from non-US citizens. This impacts Indian H-1B, L-1, and green card holders sending money to India. The tax could cost ...

Trump's proposed 3.5% tax on remittances by foreign workers could seriously impact top recipient India. ... A 10-15% drop in remittances could cost India $12-18bn a year, ...

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It proposes a 3.5% tax on remittances sent abroad by foreign workers, including green card holders and temporary visa workers such as those on H-1B visas. For India - the world's top remittance ...