US tax proposal on remittances sparks concern among NRIs, Indian families

A new US proposal to impose a 5 percent tax on outbound remittances by non-citizens including NRIs has drawn sharp reactions from Indians living in America. It could significantly increase the cost of sending money home. The move particularly impacts Indian professionals and green card holders who collectively send billions to India every year. Indian Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .