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Big remittance cheer for NRIs! US Senate draft of Donald Trump’s ‘One Big Beautiful Bill’ reduces remittance tax to 1% from 3.5%; details here

IndiaTimes Saturday, 28 June 2025 ()
The final draft of the 'One Big Beautiful Bill Act' proposes a lower 1% tax on remittances. An earlier version suggested 3.5%. The United States is India's biggest remittance source.
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Video Credit: Oneindia - Published
News video: Trump’s ‘Big Beautiful Bill’ In CRISIS As Vance Steps In To Break Republican Senate Deadlock

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 Donald Trump’s flagship legislative proposal, the "One Big Beautiful Bill Act," faces a dramatic standoff in the U.S. Senate as three Republican senators—Ron Johnson, Rand Paul, and Thom Tillis—oppose it, forcing Vice President JD Vance to step in for a potential tie-breaking vote. The White...

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