Primus In News
How US' 1% Remittance Tax Echo Through Indian Economy?
10-07-2025
Shravan Shetty, Managing Director, Primus Partners, highlighted that a 1% additional remittance tax from the US is unlikely to significantly affect essential household remittances, though discretionary flows may dip slightly. He emphasized that taxing cash transfers could drive more people toward informal channels like hawala, potentially weakening India’s anti-money laundering efforts
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