Impact of the U.S. 'Remittance Tax': Pressure on U.S. Stocks, New Opportunities for Bitcoin?
America has launched a new big move! On May 16, a new bill proposed by Republican members of Congress plans to impose a 5% tax on all remittances sent overseas by non-citizens, affecting H-1B, F-1 visa holders, and green card holders. Additionally, the bill requires that any after-tax income from stock options obtained in the U.S. and transferred overseas will also be subject to a 5% tax.
1. Tax policy analysis: Who will be 'precisely targeted'?
According to the information, starting from 2025, non-U.S. citizens (including H-1B, F-1 visa holders, green card holders, and non-resident foreigners) will be required to pay a 5% consumption tax on remittances sent overseas, with exemptions limited to U.S. citizens and nationals who verify their identity through 'qualified remittance service providers.'
