Indian expats in the US could be hit hard by a new bill that proposes a 5% tax on remittances sent outside the country by non-US citizens.The US House of Representatives has introduced a new legislative proposal titled "The One Big Beautiful Bill," which includes a provision to impose a 5% tax on remittances sent abroad by non-US citizens. This measure is poised to significantly impact the Indian diaspora, particularly those on H-1B visas and green card holders, who collectively remit approximately $32 billion annually to India. If...