Trump’s Remittance Tax Strikes at Africa’s Economic Lifeline as “Big Beautiful Bill” Becomes Law
WASHINGTON, D.C. — President Donald Trump signed the sweeping “One Big Beautiful Bill” into law on July 4, 2025, cementing a 1% tax on cash remittances that threatens to drain billions from sub-Saharan Africa’s most vulnerable economies. The provision, buried in the 900-page legislation, imposes the levy on all cash transfers sent abroad from the […]