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Why Trump’s remittance tax will be ‘devastating’ for Filipino

A new tax on international remittances introduced under US President Donald Trump’s sweeping economic reform bill is drawing criticism from Filipino-American communities, who say the measure will hit working-class migrants hardest and threaten the livelihoods of their families in the Philippines. Under the new law, green card holders and migrant workers will be charged a 3.5 per cent levy on overseas money transfers starting on January 1 – a move that analysts warn will carry far-reaching...


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