Paying for the Wall: Will President Trump’s Administration Scrutinize, Tax, or Seize Remittances?

By Joseph A. Valenti, Daniel F. C. Crowley, Michael R. Komo

One of the most significant post-election questions for the financial-services industry—particularly global financial institutions that move money across borders—is what is the status of President-elect Trump’s proposal to tax electronic remittances to Mexico to pay for the wall between Mexico and the United States?

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