Trump’s proposal introduces a 3.5% tax on remittances from immigrants. Mexican President Sheinbaum strongly opposes this, encouraging citizens to contest the tax by contacting U.S. Senators, arguing that Mexican workers already contribute through taxes.
Senator Schmitt threatens to raise the remittance tax to 15%. Analysts propose that using cryptocurrency could allow Mexicans to bypass these tax challenges, as transactions from unhosted wallets are harder to trace.
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