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Trump’s remittance tax aims to slow illegal immigration by targeting the money flow

July 3, 2025

The Senate’s version of the “one big, beautiful bill” includes a tiny, 1% tax on international cash transfers — called a remittance tax — which, according to experts, will have a major impact on immigrants working in the U.S. A remittance is a money transfer to another country outside the U.S., which is a common practice among immigrant workers who send part of their wages back to family...

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