Trump’s ‘Big, Beautiful Bill’ Signed: Remittance & Endowment Taxes Now Law

Trump’s ‘Big, Beautiful Bill’ Signed: Remittance & Endowment Taxes Now Law

Trump’s ‘Big, Beautiful Bill’ Signed into Law: New Taxes on Remittances and University Endowments Take Effect Washington D.C. – US President Donald Trump signed the ‘Big, Beautiful Bill’ into law on July 4, 2025, marking a significant legislative achievement that introduces a 1% tax on remittances and expands the excise tax on university endowments, alongside … Read more

Sending Money to India Just Got Costlier: The Looming 3.5% US Tax

Sending Money to India Just Got Costlier: The Looming 3.5% US Tax

US Remittance Tax: A Hefty New Bill for NRIs Sending Money Home to India New Delhi, India – Sending money home to India could soon become significantly more expensive for Non-Resident Indians (NRIs) in the United States. A proposed 3.5% remittance tax, already passed by the US House of Representatives on May 22, 2025, looms … Read more