US EditionUS Eyes New Remittance Tax to Curb Undocumented Immigration in ‘Big Beautiful Bill’
6 Articles
6 Articles
From 2026, the U.S. government will apply a 1% tax on remittances paid in cash
US eyes new remittance tax to curb undocumented immigration in ‘Big Beautiful Bill’
Tucked between lines of legal jargon in President Donald Trump’s sweeping new “One Big Beautiful Bill Act” signed into law on the Fourth of July, is a provision with outsized impact on immigrant families: a 1% tax on international money transfers from the United States. Billed as a measure to curb undocumented immigration, the tax has sparked alarm across diaspora communities—especially among Haitians, who rely on remittances as a lifeline for l…
The possibility of sending from the United States a stove, a room or even clothes directly to a family member in Mexico without passing through exchange houses or banks is already a reality that two giants of Mexican retail have begun to capitalize. Grupo Coppel and Elektra have found in the so-called ‘ remittances in kind ’ an alternate way to the traditional flow of cash, at a time when the control over these shipments is intensified in the ne…
What Trump's 1% Remittance Tax Law Will Mean for African Diaspora
U.S. President Donald Trump has signed a sweeping new economic policy bill into law, introducing a controversial 1% tax on certain types of cross-border money transfers. The policy, known as the One Big Beautiful Act, narrowly passed Congress after days of intense debate and now threatens to affect millions of African families who rely on remittances from the United States. According to the bill, the 1% tax will apply to informal money transfers…
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