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TRUMP TAX ON REMITTANCES
India's demand-side push could build USD 37.8 billion forex shield as high oil prices threaten fiscal stability: Brickwork RatingsWith crude prices likely to stay above USD 100 per barrel for the rest of 2026 and the rupee under pressure near INR 95/USD, Brickwork Rati...- For foreign workers in Mideast, risk from Iran war collides with economic strain at homeA missile strike in the Mideast killed Mohammad Abdullah Al Mamun, a Bangladeshi migrant worker, highlighting the perilous situation for mi...
- Bangladesh schools to go online in energy crunchBangladesh will launch a hybrid school system with virtual and in-person classes on a pilot basis next week to help with the energy crunch ...
- Iran's Gulf attacks put India’s money flowing engine into one of the toughest testsIndia's essential remittance inflows are confronting an extraordinary obstacle. The intensifying turmoil in West Asia is fueling anxiety am...
- 25 countries suspend postal services to US over tariffs: UNThe Universal Postal Union reported that 25 member states have halted goods shipments to the U.S. due to uncertainty following the Trump ad...
- Indian students on thin ICE in US over new law. Immigration crackdown to get $170 bn; job search under stressPresident Trump’s new immigration law injects $170 billion into ICE, tightening enforcement on visa overstays and Optional Practical Traini...
- 3.5% Excise Tax on transfers: What Trump’s bill means for global Indians, Poonam Mirchandani decodesA new US bill introduces a 3.5% excise tax on overseas remittances from non-citizens, including NRIs and immigrants, effective January 2026...
- RBI to review remittance scheme amid $30 bn FY25 outflowsThe Reserve Bank of India is reviewing its Liberalised Remittance Scheme, which saw $30 billion in outflows in FY25, to promote rupee inter...
- 3.5% remittance tax: Sending money from US to India to upset manyAn upcoming US bill imposes a 3.5% tax on remittances sent by non-citizens, impacting Indians who are a significant portion of the US immig...
- In Trump's 'big, beautiful bill', what do the US taxpayers get? Check detailsHouse Republicans have narrowly passed a comprehensive tax and spending package, a significant win for President Trump. The bill, approved ...
- Whom the remittance toll bells? Indian diaspora feels the heat of new US taxThe US House passed the 'One, Big, Beautiful Bill' (OBBB), imposing a 3.5% excise tax on remittances from the US, impacting Indian American...
- A tax-slasher's Bill of not-quite rightsDonald Trump's tax bill, OBBB, clears the US House. Senate approval is awaited. The bill is likely to be regressive and inflationary. Bond ...
- 'Big Beautiful Bill' a nasty deal for NRIs sending cash homeA proposed US bill, dubbed 'One Big Beautiful Bill,' could impose a 3.5% tax on remittances sent abroad by non-citizens, significantly impa...
- Big relief for Indian migrants: 'Big Beautiful Bill' puts remittance tax at 3.5% after Trump's 5% threatThe US House has approved the ‘One Big, Beautiful Bill Act,’ embodying Donald Trump's economic plan. A key feature is the reduction of the ...
- One Big Beautiful Bull@$#!: Trump’s move challenges foundations of remittance flows, affecting India’s economy and diasporaDonald Trump's proposed 'One, Big, Beautiful Bill' introduces a 5% tax on remittances from the US, significantly impacting countries like I...
- Trump's tax on remittances won't have big impact on Indian economyThe proposed US 5% tax on remittances is unlikely to significantly impact the Indian economy, though it may strain the diaspora and weaken ...
- Trump's One big, Beautiful bill: When will no tax on tips, overtime, Social Security start?Officially titled the "One Big, Beautiful Bill Act," this megabill fulfills a laundry list of President Donald Trump's campaign promises fr...
- Trump's new tax remittance plan could drain billions of dollars from Indian EconomyIndia risks losing a key remittance lifeline as the US, under Donald Trump, tightens immigration policies and proposes a 5% tax on money tr...
- Trump's 'One Big Beautiful Bill Act': How remittance tax plan might deliver a big economic blow to US allies?Trump's 'One Big Beautiful Bill Act'': A new US bill proposes a 5% tax on money sent from the US to other countries. This targets non-citiz...
- US tax on outward remittances to pinch Indians sending money homeIndians in America may face higher costs for remittances. A proposed US tax could significantly increase their financial burden. This levy ...
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