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2mo ago

U.S. Enacts 1% Remittance Tax to Fund Border Security

The levy will channel nearly $10 billion into migration enforcement programs.

Según la Alianza Nacional de Pequeños Comerciantes, la economía estadounidense ya comenzó a tambalear donde antes se sostenía con trabajo mexicano
Caen remesas y se disparan envíos de mudanzas de hispanos desde EU
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Overview

  • President Donald Trump signed the law on July 4, extending a 1 percent remittance tax to all U.S. residents effective next year.
  • The Center for Global Development projects each 1 percent tax increase will reduce formal remittance volumes by about 1.6 percent.
  • Mexico faces the largest loss with more than $1.5 billion in annual remittances at stake.
  • The Joint Committee on Taxation estimates the levy will raise nearly $10 billion through 2035 to support ICE operations and the border wall.
  • Overseas Development Institute experts warn the tax could push migrants to informal transfer methods such as parcel carriers and cryptocurrencies.