New Federal Remittance Tax Has Taken Effect: What It Means for Latin America
By: Grant deBoer Passed as part of the “One Big Beautiful Bill Act,” signed in July 2025 and having taken effect on January 1, 2026, 26 USC §4475 grants the federal government the power to impose a 1% excise tax on certain remittances sent abroad from the United States. Initially proposed at rates as high […]

