Chiapas and Guerrero, Those Most Affected by Taxing Remittances

Ricardo Del Muro / Austral The U.S. House of Representatives, controlled by the Republicans, approved in a tight vote – with 215 votes in favor and 214 against – the budget bill imposing a 3.5% tax on remittances sent by migrants without citizenship or permanent residence. The bill, if passed in the Senate, could affect families in states of Mexico and especially Chiapas, one of the economies dependent on this type of foreign income.

The southern states of the country, especially Chiapas and Guerrero, will be the most affected if the tax on remittances that is discussed in the United States prospers, because of their high dependence on migrants' shipments.Remittances amount to 15.9 percent of Chiapas' GDP in 2024, and 13.8 percent of Guerrero's, according to data from BBVA.TE MAY INTEREST: Nafin is denounced before FGR for flouting a court orderLast year, Chiapas and Guerrer…