https://www.taxtmi.com/news?id=43903 A proposed federal excise levy would tax outward personal remittances from resident non citizens in the United States-covering visa holders and green card holders but excluding citizens-operating as a per transfer charge. The discussion uses Reserve Bank of India survey data to show the US's growing share in India's inward remittances, notes that remittance costs include fees and exchange rate margins, and emphasizes the socio economic impact of increased remittance costs on family maintenance and cross border payment flows. en-us Fri, 16 May 2025 19:31:04 +0530 Fri, 16 May 2025 19:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43903 A proposed federal excise levy would tax outward personal remittances from resident non citizens in the United States-covering visa holders and green card holders but excluding citizens-operating as a per transfer charge. The discussion uses Reserve Bank of India survey data to show the US's growing share in India's inward remittances, notes that remittance costs include fees and exchange rate margins, and emphasizes the socio economic impact of increased remittance costs on family maintenance and cross border payment flows. News - Fri, 16 May 2025 19:31:04 +0530 https://www.taxtmi.com/news?id=43903