The 5% remittance tax hidden deep inside Trump’s “Big Beautiful” tax reform bill has started a firestorm. This proposal was rolled out on Tuesday and has already drawn heavy criticism for opening the ...

This week, the House Ways and Means Committee released the text of its proposed tax plan. If you go to page 327 of the document that dubs itself “the one, big, beautiful bill,” you’ll see that it ...

GOP lawmakers are pushing to boost a proposed new tax on money that migrants earn in the US and send back home to family — after being threatened by Mexico’s president. Nestled in the proposed One Big ...

In a major relief for Non-Resident Indians (NRIs), the United States has significantly lowered the proposed remittance tax in its latest draft of the 'One Big Beautiful Bill Act' slashing it to just 1 ...

The Senate’s version of the "one big, beautiful bill" includes a tiny, 1% tax on international cash transfers — called a remittance tax — which, according to experts, will have a major impact on ...

The 3.5% remittance tax in President Donald Trump's One Big Beautiful Bill — if passed in its current form — would bring a heavy compliance and reporting burden to banks and payment companies. Many ...

President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law on July 4. One measure buried deep in the 870-page law imposes a 1 percent tax on remittances—the money that people send ...