US Edition
India leads in remittances - but Trump's tax could deal a blow
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.2 Articles
2 Articles
A new tax on remittances included in the budget proposal by President Donald Trump has sparked concern among experts in migration, economics and civil rights. The tax would impose an additional 3.5% on money shipments made by certain immigrants from the United States to their countries of origin, which could have disastrous consequences for millions of families in Latin America, Africa and Asia. A punishment for the American dream: During a pres…
India leads in remittances - but Trump's tax could deal a blow
Tucked deep in Donald Trump's sprawling "One, Big, Beautiful Bill Act" is a clause that could quietly take billions from money sent abroad. It proposes a 3.5% tax on remittances sent abroad by foreign workers, including green card holders and temporary visa workers such as those on H-1B visas. For India - the world's top remittance recipient - the implications are serious, say experts. Other major recipients include Mexico, China, the Philippin…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium
