Administration’s Tax Bill Includes 3.5% Levy on Migrant Remittances

pymnts.com/news/cross-border-commerce/cross-border-payments/2025/administrations-tax-bill-includes-3-5-levy-on-migrant-remittances

It could soon cost more for migrants in the U.S. to send money back home.
As the Financial Times (FT) reported Sunday (May 25), that’s because the tax bill passed by the U.S. House of Representatives last week includes a 3.5% tax on remittance transfers by anyone who is not an American…

This story appeared on pymnts.com, 2025-05-25 21:51:49.
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