US govt moves to cut proposed tax on outward remittances to 3.5% from 5%

Government sources told The Hindu that an assessment of the impact of this tax has not been made, but admitted it could “dent” remittances to India.

May 23, 2025 - 16:30
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US govt moves to cut proposed tax on outward remittances to 3.5% from 5%
Government sources told The Hindu that an assessment of the impact of this tax has not been made, but admitted it could “dent” remittances to India.

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