US EditionUnited States: Plan For Remittance Tax Sparks Global Concerns
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United States: Plan For Remittance Tax Sparks Global Concerns
Part of the “One Big Beautiful Bill” Act currently before the US Senate, the levy would affect 40 million to 50 million noncitizens in the US, including undocumented migrants as well as green card and visa holders, with those from India, Mexico, China, and the Philippines particularly exposed. Some experts suggest the effect would be enough to send Mexico’s economy into a recession this year. Mexican President Claudia Sheinbaum has called the b…
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