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'US remittance tax to cost $12-18 bn/yr'
Mint Hyderabad
|May 19, 2025
An American proposal to tax money sent abroad by non-US citizens is raising concerns in India.
If passed, this 5% tax on remittances could significantly impact Indian households and the country's currency, potentially causing India to lose between $12 billion and $18 billion annually in foreign currency inflows, according to a report released by trade think tank Global Trade Research Ini
Dit verhaal komt uit de May 19, 2025-editie van Mint Hyderabad.
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