New U.S. Tax Bill Proposes 5% Remittance Levy, Raising Concerns Among NRIs
May 16th, 2025 | By ThenewsmanofIndia.com
(THE NEWSMAN OF INDIA.COM) A newly proposed tax bill by House Republicans, introduced on May 12, 2025, could have significant implications for Non-Resident Indians (NRIs) living in the United States. A key provision in the legislation seeks to impose a 5% tax on international money transfers made by non-citizens—directly impacting millions of foreign workers who
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