Dhaka, May 22 -- A controversial bill advancing through the US Congress threatens to impose a 5 per cent tax on remittances sent abroad by non-citizens.
This move could destabilise countless households across the Global South.
This newspaper on Wednesday reported that if passed, this measure would not only hurt migrant workers and their families, but also risk pushing money transfers underground, with grave consequences for development and financial transparency.
The so-called "One Big Beautiful Bill Act", championed by hardline conservatives and originally proposed by former President Donald Trump, purports to strengthen border security and generate additional revenue. Yet its most contentious feature - taxing the modest earnings sent h...