US EditionMexico condemns proposed 5% tax on remittances from US
- Mexican President Claudia Sheinbaum strongly opposed a legislative initiative announced in May 2025 by the U.S. Congress that proposes levying a 5% fee on money transfers sent abroad by immigrants who are not U.S. Citizens.
- The proposal, introduced under the leadership of Republican Jason Smith in the congressional budget committee responsible for tax legislation, is part of the "One Big Beautiful Bill" and seeks to impose a tax on remittances to finance border security and extend tax incentives.
- Mexico and its Senate oppose the tax, calling it an injustice and arbitrary double taxation that would harm economies and drive migrants to informal transfer methods, while highlighting that remittances support families and local economies significantly.
- The bill passed the House Ways and Means Committee with 26 votes for and 19 against, targeting remittances sent by roughly 40 million non-citizen residents, and could become law shortly after a full House vote planned by May 26, 2025.
- If approved, the tax may reduce remittance flows, negatively affecting Mexico and other low-income countries reliant on these funds, and likely encouraging informal transfers and further migration, according to Mexican officials and independent experts.
78 Articles
78 Articles
Mexico Rejects a 5% Tax on Remittances as Racist
Latin Times reports that Mexico rejects a 5% tax on remittances, which is apparently in the big, beautiful bill. They think it is discriminatory, aka racist. Mexican President Claudia Sheinbaum called the Republican initiative to impose a 5% tax on some remittances discriminatory. All Mexican parties agree. “Everyone from all parties said no. We are […] The post Mexico Rejects a 5% Tax on Remittances as Racist appeared first on www.independentse…
President of Mexico Condemns US Congress' Initiative of Taxes on Remittances
The president of Mexico, Claudia Sheinbaum, condemned the US House of Representatives’ initiative to impose a 5% tax on remittances sent by migrants to the country. She called the initiative, promoted by Republican Congressman Jason Smith, “unfair and discriminatory.” “Yesterday, a [Mexican] Senate committee discussed the 5% tax on remittances, and we all agree that they should not be taxed,” said the Mexican president during her morning press c…
A Republican Plan Seeks to Tax Remittances. This Is How It Would Affect Immigrant Families.
By Belén Liotti, CNN en Español The remittances that immigrants living in the United States send home are often the main source of income for families, especially those with low and middle incomes, who still live in their countries of origin. Legislative plans promoted by Republicans in the United States would seek to tax remittances, a measure that could have consequences for millions of families. Furthermore, it could end up encouraging undocu…
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