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New tax on remittances from the U.S. worries African immigrants, potentially affecting $98 billion in aid.
A new 1% tax on remittances from the U.S. is causing concern among African immigrants, who fear it will strain their ability to support families back home.
The tax could affect $98 billion in remittances globally, impacting millions of families reliant on these funds for essentials.
Critics, including the African Union's outgoing U.S. ambassador Hilda Suka-Mafudze, warn the tax could push people towards informal channels, increasing risks.
Reps. Sheila Cherfilus-McCormick and Jonathan L. Jackson have introduced the African Diaspora Investment and Development Act to reverse the tax's impact.
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Un nuevo impuesto a las remesas de los Estados Unidos preocupa a los inmigrantes africanos, afectando potencialmente $98 mil millones en ayuda.