It proposes a 3.5% tax on remittances sent abroad by foreign workers, including green card holders and temporary visa workers such as those on H-1B visas. For India - the world's top remittance recipient - the implications are serious, say experts. India has remained the top recipient of remittances since 2008, with its share rising from 11% in 2001 to 14% in 2024, according to World Bank. India's international migrant population grew from 6.6 million in 1990 to 18.5 million in 2024, with its global share rising from 4.3% to over 6%. Remittance costs - driven by fees and currency conversion - have long been a global policy concern due to their impact on families.