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The big beautiful bill included a 1% foreign remittance tax for outbound international transfers funded using physical cash, money orders, and cashier's checks.
by itake 1mo ago
The big beautiful bill included a 1% foreign remittance tax for outbound international transfers funded using physical cash, money orders, and cashier's checks.
- LadyCailin 1mo agoWhich notably, doesn’t affect money transfers in general, just ways that poor people transfer money, so the concern as stated is not in good faith at all, but rather a way to further punish migrant workers, primarily Mexicans, and is absolutely racial animosity.
- account42 1mo agoYou could also say it affects money transfers that can be used to avoid taxing that money in the US.
- paulryanrogers 1mo agoYet strangely not cryptocurrency or bank transfers
- deleted 1mo ago[deleted]