remittances
With 21 votes against and 16 in favor, the Budget Committee of the United States Representatives Chamber rejected the proposal to impose a 5% tax on remittances sent by migrants. However, the president of Mexico, Claudia Sheinbaum, warned that it is necessary to stay alert, since the initiative could be resumed.
With 21 votes against and 16 in favor, the Budget Committee of the United States Representatives Chamber rejected the proposal to impose a 5% tax on remittances sent by migrants. However, the president of Mexico, Claudia Sheinbaum, warned that it is necessary to stay alert, since the initiative could be resumed. (Photo, Free Press: EFE)
The president of Mexico, Claudia Sheinbaumcelebrated the reverse that suffered in the United States Congress the controversy proposed to impose a 5% tax on remittances Submitted by Mexicans. However, he warned that the issue will be discussed again, so he asked citizens to stay attentive and organized to stop this measure.
“It is raised that they will discuss it again. We will continue to insist to prevent this tax, which is very unfair and that it also violates an agreement between the two countries,” said the president during a brief interview granted from the vehicle that was transferred from the Mina Pasta de Conchos to an official event in the state of Coahuila.
The proposal, promoted by Republican legislators, seeks to apply a 5% tax at remittances that Mexican migrants send from the United States. This initiative has been qualified by Mexican authorities as unfair, discriminatory and contrary to international treaties.
During your speech, Sheinbaum He called on the Mexican community in the United States to get involved in the legislative process and manifest his direct opposition to measure:
“That all the countrymen help us to contact their congressman to tell him that this measure is unfair,” the president urged, appealing to the unity of the unity of the Mexican diaspora To stop the proposal.
The remittance tax raised by the congressmen of the United States affects who has less, is discriminatory and violates the agreement between the two countries to avoid double taxation and prevent tax evasion, which clearly in its article 25 says:
“The nationals of … pic.twitter.com/mmri5mnrjo
– Claudia Sheinbaum Pardo (@claudiashein) May 16, 2025
Remittances, an economic pillar for Mexico
Mexico is currently the Second major remittance receiver in the worldjust behind India. These shipments represent approximately the 4% of the gross domestic product (GDP) of the country and have become a key source of income for millions of Mexican families. In 2024, remittances reached a Historical record of 64,745 million dollarsconsolidating a trend of eleven consecutive years of growth.
Since the beginning of the debate on this tax, the Mexican president has described the proposal as “Unfair”, “unacceptable” and even “unconstitutional”for going against the principles of fiscal reciprocity between the two countries.
It may also be interested in reading, Guatemala among the 10 Latin American countries that received the most remittances in 2024
In his social network, Trump urges Republicans to support The One, Big Beatiful Bill.
This initiative contemplates a 5% tax on remittances and the possibility of shipping blocking for undocumented people. pic.twitter.com/itgsbs0her
– Gabriela Siller Pagaza (@gabysillerp) May 16, 2025
The tax would violate agreement against double taxation
Along the same lines, the head of the Ministry of Finance and Public Credit (SHCP), Edgar Amadorhe reminded in a press conference that this American proposal violates the Treaty to avoid double taxation signed between Mexico and the United States since 1994. This agreement prevents taxpayers from paying taxes duplicated by the same economic operation in both countries.
The Mexican government has pledged to continue defending the interests of its nationals abroad and to use all the diplomatic resources available to prevent this proposal from progressing.
