Payments groups want 3.5% remittance levy killed from tax bill
Electronic Transactions Association, Financial Technology Association and Innovative Payments Association sent a letter to US Senators
A proposed 3.5% tax on remittance transfers should be killed because it invades consumer privacy and would encourage the use of unregulated money-movement services, payments-industry trade groups told US lawmakers. Even after a cut from an initial 5% proposal, the levy will still hit migrants sending money back to relatives on top of posing a […]
