The Western Union actions, a multinational American financial services, fell 2.8% on Tuesday, after the proposal of several members of the Republican Party in the United States House of Representatives to include a Remittance Tax in a bill.
The Global Remitly papers yielded 1.10% and those of PayPal, which also allows you to send money instantly, retreated 0.03% in the New York Stock Exchange.
In the presentation of the ‘great and beautiful bill’ -as has been baptized -one of the proposed measures is to establish a 5% tax on remittances, which would fall on the issuer. This would affect a large number of migrants in the country who send money to their families outside the US.
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The Republican legislators of Congress seek to advance on Tuesday the bill with which President Donald Trump wants to fulfill some of his promises, such as extending the tax exemptions of his first mandate with new sales, although the Remittance Tax goes in the opposite direction and serves to compensate for the possible reduction of federal income.
The Republican proposal thus seeks to include exemptions to tips, overtime payments, loans to acquire cars made in the country and social security benefits, in addition to increasing tax benefits to elderly and families with children.
With EFE information
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