Manila, June 26 -- The United States' (US) plan to tax the money sent home by foreign workers, including overseas Filipino workers (OFWs), has minimal impact on the Philippine economy, Malacanang said on Thursday.

Citing a statement from the Department of Finance, Palace Press Officer Claire Castro said only 20 percent of the 4.4 million overseas Filipinos in the US would be affected by the proposed tax proposal, seen to take effect on Jan. 1, 2026, if passed into law.

"The tax will affect non-US citizens, including green card holders and those with working visas, H-1 visa holder. Although 41 percent of the remittances are routed to the US, not all of this are from Filipinos in the US because remittances are routed to the US via corresp...