A new draft of the "One Big Beautiful Bill", released on June 27, shows big changes from the earlier version passed by the House of Representatives. The tax was originally proposed at 5 per cent in the House bill under the Trump administration before being reduced to 3.5 per cent and now further lowered to 1 per cent in the Senate draft.
But crucially, this tax will only apply to cash or similar physical payments handed over to money transfer providers. Transfers done through bank accounts or debit and credit cards issued in the US won’t be taxed. The bill says the tax is “limited to cash and similar instruments… only to any remittance transfer for which the sender provides cash, a money order, a cashier’s check, or any other similar physical instrument.”
https://www.business-standard.com/world-news/us-senate-lowers-proposed-remittance-tax-to-1-spares-bank-transfers-125062800890_1.html
Appears under this revision the tax would only apply to poor migrant workers who use Western Union to send their salaries back to Mexico to feed their kids.
Oh no not again what about my gold necklace that what hotel safes are for inviting someone into your room you don't know and leaving valuables unguarded is crazy insurance companies are going to be very suspicious
UPDATE
Protest at Victory Monument Concludes Peacefully
Picture courtesy of Khaosod.
Authorities reopened traffic around Victory Monument, late evening on 28 June, after a political rally led by prominent activist figures was officially brought to an end.
Full story:https://aseannow.com/topic/1365082-protesters-rally-at-victory-monument-calling-for-pm’s-resignation/#findComment-19906593
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