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. India leads in remittances - but Trump's tax could deal a blow Skip to main content ...

Indian nationals in the United States who send money back home are cautiously celebrating a move by Senate Republicans to cut down a planned tax on the funds.. In revisions of so-called Big ...

Trump’s ‘One Big Beautiful Bill Act’ Could Cost Indians $1.6 Billion In Remittance Tax. India-West News Desk. WASHINGTON, DC — A sweeping new bill proposed by President Donald Trump could ...

India's income tax refund landscape has undergone a dramatic transformation over the past decade. The most remarkable change ...

In 2021, it sent more than $188 billion in remittances, with countries such as Mexico, India and Guatemala receiving the highest volumes at $53 billion, $16 billion and $14 billion, respectively. By ...

The Senate’s version of the “one big, beautiful bill" includes a 1% tax on international cash transfers, which will have a major impact on immigrants working in the U.S.

India's central bank plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods, two government sources said.

Hidden on page 1,054 of President Donald Trump’s “big, beautiful bill” is a threat to impose a 3.5% tax on all remittance transfers made by non-citizens to accounts outside the country. This ...

Remittances sent to Mexico dropped 4.6% in May compared to a year earlier, according to central bank data published on ...