Governments have spent decades trying to stamp out informal money transfers. This will push payments back underground.

President Donald Trump’s “One Big Beautiful Bill” includes a 3.5 per cent excise tax on remittances sent abroad by non-US ...

Donald Trump’s “One Big Beautiful Bill”, which was recently passed by the US House of Representatives, could have significant ...

A new US bill proposes a 5% tax on money sent from the US to other countries. This targets non-citizens and foreign nationals. It could impact countries like El Salvador, Honduras, and Guatemala.

A new US tax on remittances, financial transfers sent home by foreign workers, is sparking concern in Africa. The tax, aimed ...

An American proposal to tax money sent abroad by non-US citizens is raising concerns in India. If passed, this 5% tax on remittances could significantly impact Indian households and the country's ...

If the USA imposes the proposed remittance tax, it could have a significant impact on India. According to the Reserve Bank of India (RBI), in the financial year 2023-24, India received 118.7 ...

BENGALURU: US President Donald Trump's 'One Big Beautiful Bill' proposes a 5% tax on remittances, which tax experts say may have a significant impact on India as the country is one of the biggest ...

The tax department has access to all the ... growth rate has been achieved with growing digital payment transactions. Retailers in India have been exhorted to recognise different opportunities ...

Separately, India has long lodged its reservations against the first pillar of the deal and Pandey said those issues have not been addressed. Its concerns included the subjection of tax-related ...