At Least 2,366 Mdp Would Stop Receiving Puebla in 5% Tax Remittances in the US: BBVA

Remittance tax could affect more than $120 million in Puebla: BBVA Puebla could face an estimated loss of $122.8 million if a 5 percent tax on remittances sent by undocumented migrants is approved in the United States, according to a report prepared by BBVA. This figure placed the state as the fourth most affected in the country in monetary terms, behind only Michoacán, Guerrero, and Oaxaca. Furthermore, in proportional terms, Puebla is also amo…

MIAMI – The proposal for a 5% tax on remittances sent from the United States, which is now being debated by the House of Representatives, distresses migrants whose families depend on this money, with more than 40 million people who would be affected in U.S. territory. The tax, tied to the controversial federal budget that the House of Representatives is discussing this Wednesday with an uncertain future, rests with immigrants like Honduran Maria…

122.8 million dollars (about 2 thousand 366 million pesos) would cease to receive the state of Puebla in remittances in 2026, if a 5 percent tax were applied to them in the United States, BBVA estimated. The decrease would be the third highest among the receiving states of the currencies; in the first two places would be Michoacán and Guerrero, with 147.5 and 146.6 million dollars less, respectively; and in fourth would be Guanajuato, with an im…