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| Migrants still sending vast sums back to Latin America |
| 2008-03-11 |
| Latin American and Caribbean migrants sent relatives back home a record $66 billion last year, but the remittances grew by the lowest rate ever, with Mexico and Brazil showing significant slowdowns, a study released Tuesday shows. Remittances, which now are considered a crucial part of many Latin American and Caribbean economies, rose 7 percent in 2007, the first year that the growth rate has been in single digits. ... |
| Posted by:ed |
| #5 And use the surcharge to fund customs, immigration and border security. At say 20% of 66 billion, thats 13 BILLION to build the fence and do internal enforcement on illegals. |
| Posted by: OldSpook 2008-03-11 22:51 |
| #4 Require Taxpayer ID to do international transfers. No ID = 35% federal fee. ID on US Side only? nothing off the first $1000/yr. 20% of next 5000, 25% of next 5000, 35% of any amount over that. Taxpayer ID on both sides? Nothing off the first $10K Exceptions: wiring money to the US Consulate or Embassy for legal use (i.e. throwing bail). Business use? Register the business as import/export or having proof of full operations in both countries, no taxes but will have to report all transfers above $1000 to treasury. |
| Posted by: OldSpook 2008-03-11 22:49 |
| #3 This means they are not spending the money in the U.S.--what gratitude. |
| Posted by: JohnQC 2008-03-11 19:55 |
| #2 Yeah, the people back home want Euros now. How about a 'return' program back to the motherland Spain? |
| Posted by: Procopius2k 2008-03-11 19:23 |
| #1 I think twas either FREEREPUBLIC or LUCIANNE - something about CALIFORNIA = FLORIDA? undergoing a HISPANIC EMIGRATION BACK TO MAHICO + LOWER PARTS??? |
| Posted by: JosephMendiola 2008-03-11 19:06 |