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    Home - Miles Cooper - US Senate Slashes Remittance Tax to Just 1% on Money Sent to India – www.mondialnews.com
    Miles Cooper

    US Senate Slashes Remittance Tax to Just 1% on Money Sent to India – www.mondialnews.com

    By Miles CooperJune 29, 2025
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    https://www.mondialnews.com/2025/06/28/us-senate-slashes-remittance-tax-to-just-1-on-money-sent-to-india/

    The US Senate has approved a significant reduction in the tax imposed on remittances sent to India, lowering the rate from 3.5% to 1%. This move is expected to ease the financial burden on millions of Indian-Americans who regularly transfer money to their families back home. The decision reflects growing recognition of the importance of remittances as a vital economic link between the two countries, and could stimulate increased cross-border financial flows. Stakeholders and experts are closely watching the development, which marks a notable shift in US policy affecting the diaspora community.

    Senate Reduces Remittance Tax Rate Offering Relief to Indian Diaspora Detailed Analysis of Impact on US-India Money Transfers How Senders Can Maximize Savings with the New Tax Policy

    The US Senate’s decision to reduce the remittance tax from 3.5% to 1% marks a significant easing of financial burdens for the Indian diaspora. This move is expected to facilitate smoother and more…

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    Author : Miles Cooper

    Publish date : 2025-06-28 20:32:00

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