US EditionU.S. Senate Introduces Exceptions to Proposed Excise Tax on Money Transfers
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Senate Republicans have proposed significantly narrowing the range of remittances that would be affected by the 3.5 percent tax passed by the House last May, limiting it to those originating in cash, money orders, or cashier's checks. Included in the Senate draft of the massive tax and spending plan to fund President Donald Trump's priorities, Republicans on the Senate Finance Committee proposed not taxing remittances originating in U.S. bank ac…
U.S. Senate introduces exceptions to proposed excise tax on money transfers
But both House and Senate are "on board for some version of this chaos," lawyer says of U.S. tax bill The post U.S. Senate introduces exceptions to proposed excise tax on money transfers appeared first on Investment Executive.
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