A tax too far: Don’t punish immigrants sending money to family
Summary
Sending money to family members in other countries, called remittances, helps reduce poverty effectively. These money transfers are managed by individuals, not governments, and support families in need.Key Facts
- Remittances are money sent by immigrants to their families in their home countries.
- These transfers help reduce poverty by providing financial support directly to families.
- Remittances are considered very efficient at fighting poverty.
- Governments do not control or organize remittance programs.
- Immigrants use their own resources to send money abroad.
- Any new taxes or punishments on these transfers could harm the families relying on them.
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