taxes

Critics of Trump’s proposed 3.5% tax on remittances say it essentially amounts to double taxation, crippling many of the poorest people in the world.

Jun 6 | President Trump’s “big, beautiful bill,” which passed the House last month, includes a 3.5% tax on remittances. Experts believe this tax would not only hurt economies abroad, but could also impact consumer spending levels in the US.

As April 15 looms, the IRS is undergoing a transformation with far more lasting impact for taxpayers and the country as a whole.