
Trump administration proposes 5pc tax on remittances, would affect money sent home by Indians
Washington/New Delhi, May 16 (UNI) US President Donald Trump’s administration has proposed a 5% tax on all international money transfers made by non-US citizens, which could affect the remittances sent home by the large Non-Resident Indian population in the US. The draft legislation, titled “The One, Big, Beautiful Bill, proposes: “A five percent excise tax…