Desi diaspora set to take $1.6 billion hit as US plans bill to tax remittances ...Middle East

A proposed US bill, dubbed 'The One Big Beautiful Bill,' threatens to impose a 5% remittance tax on non-US citizens, including H-1B and green card holders, sending money abroad. This could significantly impact the Indian diaspora, who remit approximately $32 billion annually to India. If enacted, Indians in the US could face a $1.

Hence then, the article about desi diaspora set to take 1 6 billion hit as us plans bill to tax remittances was published today ( Friday 16/05/2025 - 07:48 AM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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