
US Remittance Tax 2025: 5% Levy on Non-Citizens Could Impact Indian Diaspora
Introduction The United States has introduced a legislative proposal titled “The One Big Beautiful Bill,” which includes a provision to impose a 5% tax on remittances sent abroad by non-citizens. This move is poised to significantly impact the Indian diaspora, particularly those on H-1B visas and green card holders, who regularly send money back to…