US plans to impose a 5% tax on international remittances from non-US citizens
Internet reports that recently, Republicans in the U.S. House of Representatives have incorporated a proposal to impose a 5% consumption tax on international remittances into the overall bill that Trump calls the "Beautiful Bill." If passed, the proposal is expected to affect more than 40 million people in the United States, including green card holders and non-immigrant visa holders, such as those holding F-1, H-1B, H-2A and H-2B visas. This rule will not apply to U.S. citizens. The clause provides for a 5% consumption tax on remittances and stipulates that the tax will be paid by the sender. The terms stipulate that this tax applies to any international transfer unless the sender is a "verified U.S. sender." People holding legal temporary residence certificates, even those holding green cards, will fall under the tax regime.
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