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In this video, we’re going to look at the new Remittance Tax proposed by Trump; why Trump likes it; and how it could bankrupt much of Latin America.
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Sources
Intellinews on LatAm response to remittance tax
https://www.intellinews.com/trump-administration-proposes-5-tax-on-migrant-remittances-amid-latin-american-outcry-381474/?source=latin-america
DAta on remittance flows
https://worldmigrationreport.iom.int/what-we-do/world-migration-report-2024-chapter-2/international-remittances#:~:text=For%20decades%2C%20the%20United%20States,Germany%20(USD%2025.60%20billion)
America quarterly on history of idea of remittance tax
https://www.americasquarterly.org/article/trumps-comeback-could-disrupt-latin-americas-remittances/
Trump 2017 proposal
https://www.npr.org/sections/goatsandsoda/2017/05/25/529507199/a-proposed-new-tax-mainly-on-latinos-to-pay-for-trumps-border-wall
Data on central american immigrant citizenship rates
https://www.migrationpolicy.org/article/central-american-immigrants-united-states
IMF report on El Salvador titled “IMF 2023 ARTICLE IV CONSULTATION—PRESS RELEASE; STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR EL SALVADOR”
FT Alphaville on remittance tax vs El Salvador
https://www.ft.com/content/c9d9396d-352e-4970-9d36-ea76ccc14772
