US Remittance Tax to Affect Philippine Inflows—Think Tank

U.S. Remittance Tax Exposes Colombia's Economic Vulnerability Amid China Pivot

Colombia’s growing dependence on remittances from the United States faces a serious threat as President Gustavo Petro embraces China’s Belt and Road Initiative. This diplomatic gamble comes at a precarious time when the Trump administration has proposed a 5% tax on remittances sent by non-U.S. citizens. Remittances to Colombia have reached unprecedented levels, becoming a […]

President Donald Trump’s proposed fiscal budget for next year – which includes a 5 percent tax on undocumented workers’ remittances and more resources to strengthen surveillance on the Mexican border, among other points – was approved in the House Rules Committee, after an aggressive pressure campaign by the president.

US remittance tax to affect Philippine inflows—think tank

Money sent home by Filipinos working and living in the United States (US) is seen at risk from the remittance tax proposal pending in the US Congress, according to the think tank Capital Economics."The proposed five-percent US tax on remittance outflows would have a particularly large negative impact on Central American economies such as Honduras, Guatemala and El Salvador. A drop in remittance flows could plausibly be of the order of one percen…

African migrants could pay more to send money home under Trump's new US tax bill

US lawmakers have passed a bill to tax remittances by non-citizens, a move that could disrupt African fintechs and reduce the $90bn diaspora inflows critical to the continent.

Mexico’s ambassador to the United States, Esteban Moctezuma, announced about the proposed reduction to the tax on remittances from 5% to 3.5% This, after the U.S. Congressional House of Representatives approved an amendment to the tax cuts package promoted by President Donald Trump. “The rules committee approved the reconciliation package with an amendment that includes a *reduction of the tax on remittances from 5% to 3.5%*, although they made …

The U.S. House of Representatives voted for President Donald Trump's fiscal package that includes a 3.5% tax on remittances; this Thursday we present new deliveries of the #TelevisaLeaks investigation; they are looking for four people for the crime of two collaborators of the head of government of the capital, Clara Brugada.