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Pa. Latino caucus condemns remittance tax in 'Big Beautiful Bill'
48 Articles
48 Articles
The U.S. Senate has reviewed its proposal for a remittance tax, reducing the rate from 3.5% to 1% in the latest draft bill called “One Big Beautiful Bill Act.”
Pa. Latino caucus condemns remittance tax in ‘Big Beautiful Bill’
Harrisburg, Pa. — A Pennsylvanian caucus has expressed worry for legislation included in the One Big Beautiful Bill Act that would add a tax to money immigrants send to support their families abroad. This legislation, which passed the U.S. Senate today and heads back to the U.S. House for consideration, would tax remittances sent overseas
The federal government announced that there will be no refunds for the tax of 1 percent that the United States will apply to remittances sent in cash by people without U.S. citizenship. Instead, a strategy of massification of the use of the Finabien card will be implemented, which allows to make electronic shipments without tax collection. [...] The fee With Finabien card, nationals will be able to avoid tax on remittances first appeared on Cont…
The United States will impose a 1% tax on remittances after the Senate approves President Donald Trump's new fiscal plan, which originally sought to bring the tax to 5%. (Continue reading...) The U.S. entry will impose 1% tax on all remittances was first published in Remolacha - Dominican Republic News.
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