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US Reduces Remittance Tax Rate to 3.5%
The New Indian Express Shivamogga
|May 24, 2025
PRESIDENT Donald Trump's One, Big, Beautiful Bill, which was passed by the House of Representatives on Thursday, has reduced the tax rates on outward remittances from the proposed 5% to 3.5%.
The Bill proposes sweeping changes in taxation and spending by the US government, and could have ramifications across the globe.
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