#trump's "One Big Beautiful Bill" #taxes #remittances. 🌺 Big Impact For Indians The law could come as a massive financial blow to nearly 45 lakh Indians living in the US, including nearly 32 lakh persons of Indian Origin. The bill proposes a 5 per cent tax on all international money transfers made by non-US citizens, including non-immigrant visa holders (like H-1B) and green card holders According to a remittance survey published by the Reserve Bank of India (RBI) in March, of the total $118.7 billion remitted in 2023-24, nearly 28 per cent or $32 billion came from America. Taking this figure as the benchmark, the Indian community may have to pay $1.6 billion (5 per cent of $ 32 billion) as remittance tax if the law is enacted.