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Treasury, IRS Propose Rules For 1 Percent Remittance Tax On Some Money Sent To Foreign Countries
Treasury, IRS Propose Rules For 1 Percent Remittance Tax On Some Money Sent To Foreign Countries
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
The Internal Revenue Service and the Department of the Treasury proposed regulations on Friday regarding the new excise tax, established under the One Big Beautiful Bill Act, on certain remittances made abroad.
The Internal Revenue Service in Washington on March 10, 2025. Madalina Vasiliu/The Epoch Times
“Beginning Jan. 1, 2026, a 1 percent remittance transfer tax applies to remittances sent from the United States to recipients in foreign...
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EU and Australia Seal Trade Deal Amid Strategic Resource Concerns
EU and Australia Seal Trade Deal Amid Strategic Resource Concerns
Submitted by Thomas Kolbe
It took an astonishing eight years before the European Union and Australia were able, at the beginning of the week, to agree on a joint trade agreement. What EU Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese presented in Australia’s capital Canberra represented a far-reaching reduction of direct tariffs over a medium-term period.
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