Mexico advises workers to avoid new US Remittance Taxes - by using Mexican bank card

[1srelluc]

Mexicans in US can avoid remittance tax with government Finabien cards, Sheinbaum says

President Sheinbaum on Friday promoted Finabien bank cards as a way to avoid US remittance tax, and shared news about consular resources.

mexiconewsdaily.com

President Claudia Sheinbaum on Friday promoted a government bank card that can help Mexicans living in the United States avoid the new remittance tax.

Sheinbaum recommended the new services available with the Finabien bank card, originally created in 2024 by the federal government's Financial Institution for Well-being (Finabien), brandishing a card for the cameras during her morning press conference.

"It's a very simple way to send remittances electronically and avoid making cash transfers," Sheinbaum said.

The new tax which goes into effect on Jan. 1, 2026 is a federal excise tax applied directly to outbound money transfers. Essentially, it is a fee charged across the board to each person who sends funds out of the U.S.

Imagine being the Leader of a country so desperate that you need another countries money from your own citizens that work in another country to send money to the citizens of your country.

Sounds like a great vehicle for money laundering.....Which I suspect is the purpose.

Meh, the US can shut that card and bank down from operating in the US and any others she recommends.

 

[BULLDOG]

The rich and corporations already have a way to avoid such costs. This tax only effects the poor worker sending only a few dollars to help his family. Didn't trump say avoiding taxes makes him smart?

 

[rightwinger]

Imagine being the Leader of a country so desperate that you need another countries money from your own citizens that work in another country to send money to the citizens of your country.

The money goes to the families of those working in the US.
She is just trying to stop Trump from stealing it

 

[Moonglow]

Trump raises taxes and his butt lickers claim he cut taxes....

 

[Harry Dresden]

The money goes to the families of those working in the US.
She is just trying to stop Trump from stealing it

when they made the money was lt taxed like we get taxed?...

 

[rightwinger]

when they made the money was lt taxed like we get taxed?...

Who knows?

Trump takes your money whether you are on the books or not

 

[Harry Dresden]

Who knows?

Trump takes your money whether you are on the books or not

he takes my money?....i dont remember giving him any....

 

[JWBooth]

Taxation is theft, this truism even applies to remittances. Make no mistake, the Mex government will find a way to wet its beak with this new scheme. Altruism for appearance sake.

 

[martybegan]

The money goes to the families of those working in the US.
She is just trying to stop Trump from stealing it

We are subsidizing other countries inability to provide work and stable environments for their own citizens.

That has to stop, and making it uneconomical to come here illegally and send money back home is one way of doing it.

 

[rightwinger]

We are subsidizing other countries inability to provide work and stable environments for their own citizens.

That has to stop, and making it uneconomical to come here illegally and send money back home is one way of doing it.

That money helps support families in impoverished nations so they don’t have to come here.

Just what Republicans want

 

[martybegan]

That money helps support families in impoverished nations so they don’t have to come here.

Just what Republicans want

Their own governments should fix that issue.

We have been an illegal entry outlet for their overflow for too long.

My concern is first for Americans here legally, citizens or LEGAL immigrants.

 

[rightwinger]

Their own governments should fix that issue.

We have been an illegal entry outlet for their overflow for too long.

My concern is first for Americans here legally, citizens or LEGAL immigrants.

Their economies are what they are.

This money is not just being taken from illegal migrants but legal immigrants and citizens sending money to their struggling families back home.

Take away that money and they have more incentive to come here

 

[Papageorgio]

The money goes to the families of those working in the US.
She is just trying to stop Trump from stealing it

You mean immigrants stealing money from hard working American tax payers, you know the ones you don’t give a damn about.

 

[rightwinger]

You mean immigrants stealing money from hard working American tax payers, you know the ones you don’t give a damn about.

We have 3 percent unemployment

 

[martybegan]

Their economies are what they are.

This money is not just being taken from illegal migrants but legal immigrants and citizens sending money to their struggling families back home.

Take away that money and they have more incentive to come here

Should only apply to illegals.

Not that we will keep having issues with them as time goes on. More and more leave every day.

 

[Papageorgio]

We have 3 percent unemployment

You proved my point, it is only hard working Americans that will pay taxes and foreign workers won’t pay a dime.

 

[rightwinger]

You proved my point, it is only hard working Americans that will pay taxes and foreign workers won’t pay a dime.

They would gladly pay taxes if we would give them papers and let them work on the books

 

[martybegan]

They would gladly pay taxes if we would give them papers and let them work on the books

They can go back to their country and get on the line. Right now, if they self-deport they don't get any ban.

 

[Papageorgio]

They would gladly pay taxes if we would give them papers and let them work on the books

We would gladly give them papers if they came here legally instead of crapping on our laws and gave our country respect. Why give people citizenship if they don’t value it?

 

[rightwinger]

We would gladly give them papers if they came here legally instead of crapping on our laws and gave our country respect. Why give people citizenship if they don’t value it?

Start jailing the employers and I will feel sorry for you