Should the USA develop a way to tax all the money that goes out of country when people send a money transfer from within the United States to others outside of our borders in other countries? Most of this money going out goes to Mexico.
Numbers, Facts and Trends Shaping Your World
PEW RESEARCH
Global Attitudes & Trends
January 23, 2018
Remittance Flows Worldwide in 2016
$138,165,000,000 in remittances was sent from United States to other countries in 2016
Worldwide, an estimated $574 billion (USD) was sent by migrants to relatives in their home countries in 2016, a 1% decline from 2015, when the amount was $581 billion, according to economists at the World Bank. This is the second drop in global remittances since the global financial crisis. Despite this recent decline, remittances sent by migrants are still about double what they were a decade ago, before the sharp decline in the global economy during the late 2000s.
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Remittances to Mexico Hit All-Time High in 2017
By Elliot Bullman
Saturday, 2018-02-03 (09:16:40)
Individuals outside of Mexico who sent money home in 2017 broke all prior records with more than $26.1 billion in 11 months. But is it fair to the US economy?
The latest figures from Mexico’s Central Bank show 2017 being a record-breaking year for receiving remittances by Mexicans abroad. From January to November 2017, Mexicans sent $26,167,00,000, the highest figure ever.
Remittances were actually Mexico’s biggest source of foreign income after auto exports, far surpassing the $20 billion that Mexico earned from oil exports and the $19 billion from tourism in 2017.
Undoubtedly the majority of these remittances were sent by legal immigrants to America, although a substantial share was in fact sent by illegal immigrants. It is estimated that illegal immigrants sent $38 billion abroad in remittances in 2017.
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future growth of remittance software is big business/ apps/ online/ many companies/ not taxed
Numbers, Facts and Trends Shaping Your World
PEW RESEARCH
Global Attitudes & Trends
January 23, 2018
Remittance Flows Worldwide in 2016
$138,165,000,000 in remittances was sent from United States to other countries in 2016
Worldwide, an estimated $574 billion (USD) was sent by migrants to relatives in their home countries in 2016, a 1% decline from 2015, when the amount was $581 billion, according to economists at the World Bank. This is the second drop in global remittances since the global financial crisis. Despite this recent decline, remittances sent by migrants are still about double what they were a decade ago, before the sharp decline in the global economy during the late 2000s.
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Remittances to Mexico Hit All-Time High in 2017
By Elliot Bullman
Saturday, 2018-02-03 (09:16:40)
Individuals outside of Mexico who sent money home in 2017 broke all prior records with more than $26.1 billion in 11 months. But is it fair to the US economy?
The latest figures from Mexico’s Central Bank show 2017 being a record-breaking year for receiving remittances by Mexicans abroad. From January to November 2017, Mexicans sent $26,167,00,000, the highest figure ever.
Remittances were actually Mexico’s biggest source of foreign income after auto exports, far surpassing the $20 billion that Mexico earned from oil exports and the $19 billion from tourism in 2017.
Undoubtedly the majority of these remittances were sent by legal immigrants to America, although a substantial share was in fact sent by illegal immigrants. It is estimated that illegal immigrants sent $38 billion abroad in remittances in 2017.
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future growth of remittance software is big business/ apps/ online/ many companies/ not taxed
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