U.S. Senate Battle Missing, Ebrard Says on Remittances · Global Voices

Over the past few weeks, a series of economic, political and social events interwoven in our country to influence this delicate line of flotation of the immediate social welfare of households: the purchasing power of income measured through moderate inflation. Despite the fact that Banco de México reduced its reference rate once again, showing a level of optimism that many specialists have pointed out excessive, in this delivery we will reflect …

Cd. of Mexico.- After the announcement that shipments of remittances from the United States to Mexico will suffer a tax of 3.5 percent, the Secretariat of Economy (SE) and the business sector agreed that it is not good news, although it is a lower rate than the one proposed. Marcelo Ebrard, Secretary of Economy, pointed out that the measure even puts risk of reciprocity of measures by other countries. "Well, I don't think anyone would say that i…

The Secretary of Economy said that the reduction to the tax on remittances, from 5% to 3.5%, “is not good news” Rubén Romero OEM-Report The 3.5 percent tax on remittances, approved by the Rules Committee of the House of Representatives in the United States, directly affects the most vulnerable sectors of the country and sets a precedent for reciprocal measures to be implemented, warned Marcelo Ebrard, Secretary of Economy. During a press confer…

Mexico City, Mexico The Government of Mexico will send another diplomatic mission to the United States to talk to U.S. senators and try to prevent a 3.5 percent tax on Mexican remittances. As this would severely affect fellow nationals who send resources to their country of origin, President Claudia Sheinbaum announced Friday. "No to the tax on remittances," Sheinbaum said at her usual morning press conference from Palacio Nacional, Mexico City.

José Luis Parra When at Palacio Nacional they talk about remittances, they don't do it thinking of the tears of the migrant who sends what he can from the other side, or the granny he charges at Oxxo, or the children who eat thanks to the Western Union. No. For the Mexican government, remittances are now geopolitical trenches, diplomatic ammunition and, if things twist, coins of change in the renegotiation of the T-MEC. It turns out that in the …

Mexico City, Mexico.- The U.S. House of Representatives approved on Thursday a controversial bill that imposes a 3.5 percent tax on remittances sent abroad by non-citizen residents, amid a broad tax reform promoted by President Donald Trump. U.S. Lower House approves a 3.5% tax on remittances; Trump’s fiscal plan advances the Senate amid criticisms of affecting migrants (Photo: Twitter) The bill, passed with a closed vote of 215 votes in favour …