US 3.5% Non-Citizen Remit Tax for Global Clients/Advisors

A significant shift in U.S. financial policy is on the horizon — and it could affect many globally mobile individuals and the advisers who support them. On May 22, the U.S. House narrowly passed the “One Big Beautiful Bill Act” (215-214), which includes a proposed 3.5% excise tax on international fund transfers made by non-U.S. […]