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

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

Posted

135

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.

Read Full Article

Please log in to like, share and comment!

Entertainment

When Shweta revealed what she 'hates' about Ash

Shweta Bachchan Nanda offered a rare glimpse into the Bachchan family dynamics on 'Koffee With...

By 0 33

Entertainment

Final Destination misses Rs 10 crore mark on Day 2

Final Destination: Bloodlines had a promising start at the Indian box office. The horror thriller...

By 0 33

National

Rethinking Waste: Building Green Justice in Nepal

In today’s era of climate crisis and ecological degradation, the exploitative...

By 0 35

National

Cloudy weather, rain, and gusty winds likely today

KATHMANDU: The current weather patterns in Nepal are being influenced by westerly and local...

By 0 40

International

'When you run away you are a coward': South Africa President Ramaphosa slams Afrikaners as Trump grants them US refuge - video

South African President Cyril Ramaphosa has strongly criticized white Afrikaners seeking refuge...

By 0 43