Mexico Challenges US Plan to Tax Remittances

Mexico's Claudia Sheinbaum Challenges US Remittance Tax Proposal Mexico City – Claudia Sheinbaum, Head of Government of Mexico City, has voiced strong opposition to a proposed tax on remittances sent from the United States to Mexico. Sheinbaum described the proposal as unconstitutional, highlighting the unfair burden it would place on Mexican families already struggling with economic challenges. The measure's potential impact extends beyond Mexico, affecting numerous other countries that rely heavily on remittances from their citizens working abroad. "This is not just about Mexico," Sheinbaum stated in a recent press conference. "The largest recipient of remittances globally is India, demonstrating the far-reaching consequences of this proposed tax." Sheinbaum reassured the public that the Mexican government is actively engaging with US legislators to prevent the tax's implementation. The Secretary of Foreign Affairs and the Mexican ambassador to the US are working diligently to present a comprehensive case against the tax. The Mexican government's commitment to protecting the financial well-being of its citizens is clear in their proactive approach to this critical issue. The Senate of the Republic has also expressed its opposition to the proposed tax, further strengthening the Mexican government's stance. Sheinbaum's firm rejection of the proposed tax underscores the importance of remittances to the Mexican economy and the well-being of millions of families.