US EditionRemittance Tax? Banking Responds with a Digital Proposal
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Emilio Romano, president of the Association of Banks of Mexico (ABM), recently explained the position of the Mexican banking sector regarding the possibility of applying a tax on remittances. According to Romano, remittances represent movements of money between people without a proper commercial transaction, which makes them complex transactions to tax from the legal and fiscal point of view. From the perspective of the ABM, one of the main chal…
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