Moctezuma Criticized for Celebrating 3.5% Tax on Remittances

The proposal to tax remittances with 3.5 percent, approved in the U.S. House of Representatives “is not fair, it is not a legitimate tax,” said Vidal Llerenas, Undersecretary of Economy. He added that in case it is finally endorsed by both chambers, “it will not be easy to enforce it, because there are many mechanisms by which money can be sent.”

Deputies of Morena and Opposition criticized Esteban Moctezuma, Ambassador of Mexico to the United States, as celebrating the 3.5% tax on remittances.

San Luis Potosí, SLP.- As «inhuman» the President of the Coparmex called the imposition of a tax of 3.5% on remittances in the United States. Luis Gerardo Ortuño Díaz Infante, president of the Confederación Patronal de la República Mexicana (Coparmex), failed to authorize a new tax on remittances sent by citizens from the United States. He said that such tax is not justified, as workers’ salaries are already passed through other taxes that cover…

The tax of 3.5% on remittances, which is under discussion and analysis in the United States Congress, is seen more as a control measure than tax collection, in addition to not breaking the principle of non-double taxation, considered the Mexican Institute of Public Accountants (IMCP). “More than a tax is a tax, and it has to be distinguished, what was approved in the House of Representatives yesterday is directly focused on those immigrants who …

By José Antonio Chávez At that time, then President López Obrador, presented with a loud voice every day at his morning conference the increases in remittances sent by the connationals to their families in Mexico. They reached a little more than 50 billion dollars and presented them in January after making the annual count of figures on the last day of December. It was one of the most significant catches of foreign exchange, along with tourism a…