João Luiz JC
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New Era of Taxes: Trump and Lula Target Remittances and the Rich — Cryptocurrencies Could Explode?
Washington and Brasília — Two of the largest economies on the continent are in sync... in taxation. While Donald Trump proposes a 3.5% fee on international remittances made by immigrants, Lula's government has already initiated a similar taxation in Brazil for profits and dividends sent abroad. Coincidence? Perhaps. But the impact may go beyond expectations — and is already shaking up the cryptocurrency universe.
Trump: Nationalist Fee for International Remittances
In his return to the political scene with controversial and populist proposals, Donald Trump included in his legislative package called 'One Big, Beautiful Bill' a 3.5% fee on all international remittances made by non-U.S. citizens. The measure, which still needs to pass through other legislative stages, would take effect in 2026 and aims to:
Trump: Nationalist Fee for International Remittances
In his return to the political scene with controversial and populist proposals, Donald Trump included in his legislative package called 'One Big, Beautiful Bill' a 3.5% fee on all international remittances made by non-U.S. citizens. The measure, which still needs to pass through other legislative stages, would take effect in 2026 and aims to:
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