A proposed US bill, dubbed ‘The One Big Beautiful Bill,’ would impose 5% remittance tax on non-US citizens, including H-1B and green card holders, sending money abroad. This would impact the Indian diaspora, who remit approximately $32 billion annually.

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A proposed US bill, dubbed ‘The One Big Beautiful Bill,’ would impose 5% remittance tax on non-US citizens, including H-1B and green card holders, sending money abroad. This would impact the Indian diaspora, who remit approximately $32 billion annually.

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