Who Is Most Punished with the 5% Tax on Remittances? – Minnesota Press

Who is most punished with the 5% tax on remittances? By José López Zamorano-For The Hispanic Network Without fear of exaggerating, remittances are vital in many households around the world, especially in Latin America. Many families rely on these funds to survive, especially in rural areas or with high levels of unemployment. Part of the money goes to pay for schools, public works or medical expenses. Some recipients use them to start small busi…

The U.S. warns Peru about China: Why Trump considers them “a threat”? U.S. President Donald Trump lists a fiscal package that focuses on charging migrants more money for remittances sent abroad. Big Beautiful Bill is named after the White House project that has caused a stir in Congress—even among Republicans—since it also eliminates tip taxes.In particular, on remittances, Trump proposes that non-citizens and foreigners pay 5% for the money the…