#remittance-tax

#remittance-tax

The weapon is a one percent remittance tax on money sent by aliens in the U.S. home to their country. Small change? By the end of 2023, remittances sent by workers in the U.S., many illegal, to other countries reached approximately $93 billion dollars-about 14 percent of total remittances across the globe.

The remittance tax proposal is unacceptable, as it results in double taxation on Mexicans living in the U.S. who already pay taxes, said President Sheinbaum.