US EditionHow will planned US tax on remittances hit poor countries?
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One Big Beautiful Bill, promoted in the second term of U.S. President Donald Trump, is well known. In this fiscal plan, there are several tax and spending policies, which aim to reduce taxes and increase spending on various federal programs in the neighboring country. However, this fiscal plan includes a law that introduces a 1% tax on remittances sent from the United States. This has a direct effect in Mexico because it is the second world reci…
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