Carrie Brandon Elliot reviews questions and action plans generated by the January 1 effective date of a 1 percent tax on remittances from the U.S. to foreign recipients.

Forbes contributors publish independent expert analyses and insights. Nana Ama Sarfo covers current international tax news and transparency. Nestled in the One Big Beautiful Bill Act (OBBBA) winding ...

The House Republican bill to enact President Trump's domestic policy agenda contains a provision that has prompted opposition from the Mexican government — a tax on cash payments sent by non-U.S.

Guidance is now available from the Internal Revenue Service for deposit penalty relief for the first three quarters of 2026 to remittance transfer providers. Processing Content Notice 2025-55 provides ...

Do you effect transfers of funds for US residents to recipients abroad? If so, you should review the provision of the “One Big Beautiful Bill Act” (“OBBBA”) that imposes a new excise tax on ...

The Senate is currently deliberating a proposal to impose a 3.5% fee on remittances, a move that could significantly alter the dynamics of money transfers. This proposal is part of the Senate's ...

International remittance is very important in connecting people and businesses across borders. It is through international remittance platforms that transacting across cross border remittance is ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

When Visa invested in Nigerian fintech Moniepoint earlier this year, it didn’t just validate the newly minted unicorn — it signaled a bold new direction. As part of that deal, the Nigerian fintech ...