Go in depth on the latest trends in Latin American politics, economics, and culture in this podcast series by Americas Society/Council of the Americas.
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Go in depth on the latest trends in Latin American politics, economics, and culture in this podcast series by Americas Society/Council of the Americas.
How a U.S. Tax Could Hit Latin American Remittances
Latin America in Focus
29 minutes 19 seconds
1 month ago
How a U.S. Tax Could Hit Latin American Remittances
Tucked inside the Trump administration’s One Big Beautiful Bill is a proposed tax of 3.5 percent on remittances that could have major consequences for how much money Latin American immigrants can send home to their loved ones—and how they send it. “Immigrants are going to absorb that tax in order to keep sending money to their families [or] they could change the channels they use,” says René Maldonado, coordinator of CEMLA’s remittances program and consultant for the IDB’s migration unit.
Latin America in Focus
Go in depth on the latest trends in Latin American politics, economics, and culture in this podcast series by Americas Society/Council of the Americas.
