“The Trump administration and some Republican lawmakers have eyed remittances to Mexico .. a 2 percent tax on all person-to-person wire transfers to Mexico and the rest of Latin America, with the proceeds covering the costs of wall construction. A separate bill in the Senate would have imposed a 7 percent fine on transfers where the sender could not prove he was working in the U.S. legally.”
a 2 percent tax on all person-to-person wire transfers to Mexico
2%, Time to get an ITIN under the Name Jose Smith and wire My entire self Employed Income to Mexico, instead of paying 35%
Any chance of this tax passing through congress? I kind of doubt it.