“The U.S. House of Representatives on Thursday passed legislation that would impose a 3.5% remittance tax on funds sent abroad by individuals who are not U.S. citizens, disappointing some Mexican officials.”
MND Staff
Millions of Mexican families would be impacted by the tax, which officials say violates treaties prohibiting double taxation.
A five percent tax on remittances sent from the United States would be a cruel policy inflicted on people who are already being squeezed, says columnist Sarah Devries.
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May is often the month with the highest numbers of remittance transfers, beating even December and the winter holidays.
