Trump 5% 'Remittance Tax' Explained: Who Will Be Impacted And What It Means For Indians In US
Автор: Mint
Загружено: 2025-05-19
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Trump 5% 'Remittance Tax' Explained: Who Will Be Impacted And What It Means For Indians In US
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 currency, potentially causing India to lose between $12 billion and $18 billion annually in foreign currency inflows, according to a report released by trade think tank Global Trade Research Initiative (GTRI) on Sunday.
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#trump #modi #remittancetax #remittance
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