The US has long maintained a policy of allowing money to flow freely in and out of the country. However, this may change with the One Big Beautiful Bill Act, which proposes two new taxes.
One tax targets immigrants who send money back home, known as remittances, at a rate of 3.5%. Another, colloquially referred to as the ‘revenge tax,’ would impose extra taxes on individuals and businesses investing in the US if their home countries are deemed to be taxing Americans unfairly.
This shift could mark a significant change in the free-flowing nature of international financial transactions.
Source: https://www.npr.org/2025/06/10/1253920682/whats-a-revenge-tax