A new tax on cash remittances sent from the U.S. to Mexico could result in a 25% decrease in Mexico's domestic consumption, ...

Bangladesh has witnessed a remarkable economic milestone as remittance inflows reached an all-time high of $30.04 billion in ...

Last year, total personal remittances from overseas Filipino workers (OFWs) to the Philippines reached $38.34 billion, representing a 3% increase from the $37.21 billion recorded in 2023. Cash ...

Remitly is growing quickly but facing a lot of potential threats over news around stablecoins and remittance taxes. The ...

The megabill that Republicans sent to President Trump’s desk would tax some remittances, the money immigrants send back to ...

Sheinbaum discussed the 1% tax on remittances from the U.S. and the appointment of a controversial government official to a ...

Remittances sent to Mexico dropped 4.6% in May compared to a year earlier, according to central bank data published on ...

An accelerated run on the US dollar continues. The euro, sterling, Australian and New Zealand dollars have risen to new highs ...

The US Senate has softened its proposed remittance tax, cutting the rate to 1 per cent and sparing most bank account and card transfers — a move that will come as major relief for millions of ...

In a significant move offering relief to Non-Resident Indians (NRIs), the US Senate has reduced the proposed remittance transfer tax to 1% from an earlier 3.5% in its latest draft of the One Big ...

The updated proposal, put forth by Senate Republicans with a self-imposed deadline of July 4 for passage, excludes bank and card-based transfers from the tax net. Under the new draft, the tax will ...