US lawmakers have introduced a draft bill proposing a 5% excise tax on all remittances sent abroad, potentially affecting African countries heavily dependent on funds sent by their diaspora.
The bill, unveiled by House Republicans, states that the tax would be paid by the sender and collected quarterly by the US Treasury Department.
This development is the latest in a series of tough measures under President Donald Trump’s administration, which has recently ramped up its immigration and trade policies.
Source: #DWAfrica
