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Trump’s remittance tax sours Indian view of US dream
Published on: May 28, 2025, 6:42 p.m. | Source: Firstpost
President Donald Trump's "One Big Beautiful Bill" includes a 3.5 per cent excise tax on remittances sent abroad by non-US citizens. India, the world's largest recipient of overseas remittances, received approximately $129 billion in 2024, with 28 per cent originating from the US
