U.S. Enacts 3.5% Levy on International Money Transfers, Stirring Worldwide Worry
U.S. Imposes 3.5% Tax on Foreign Remittances, Sparking Global Concern
WASHINGTON—In a significant policy shift, the United States has introduced a 3.5% tax on international money transfers sent by non-citizens. This decision is expected to deeply impact countless families worldwide who depend on these remittances for essential needs like food, education, and healthcare. Imagine the countless conversations, punctuated by sighs and silent heartaches, and you begin to fathom the change's profound human cost.
The measure,…