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A conversation on Family remittances and Taxes

Publicado el 18 de julio de 2025
The Dialogue


Family remittances have played a crucial role in strengthening payment networks, mitigating financial risks, and supporting global economic growth. These person-to-person flows serve as a primary source of asset building, increasing savings behavior and the overall stock of savings, while also reducing the intention to migrate.      
What are the key features shaping the 3.5 percent tax? To what extent does the amendment address the privacy concerns of U.S. citizens? Can this legislation preserve existing safeguards that help prevent financial risk in money transfers? Will the tax drive transfers through unlicensed and unregulated channels? What are the implications for remittance senders and recipients?