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Thread: Remittances to Mexico are on the rise

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  1. #1
    Senior Member lorrie's Avatar
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    Remittances to Mexico are on the rise

    Remittances to Mexico are on the rise

    03/01/17 04:01 PM EST



    People in the United States are sending more money to their friends and relatives in Mexico.

    Remittances to Mexico sent by people in the United States to friends or family in Mexico were up 6.3 percent in January compared to the same period last year, reported the country's central bank, Banxico.

    Remitters sent more money per transfer and made more transfers than a year ago. In January, Banxico recorded 6.962 million operations, compared to 6.465 million in 2016.

    President Trump has suggested taxing or impounding remittances as a way to make Mexico pay for his proposed border wall.

    Remittances are an important source of foreign revenue for the country; Banxico reported $26.9 billion was sent in 2016.

    In 2015, remittances became the main source of foreign currency in the country, surpassing oil revenue, foreign investment, tourism and manufacturing exports.

    The money tends to flow to the country's poorest regions, where people have more relatives who have migrated to the United States.

    Remittances tend to be at their lowest in January and at their highest in May.

    Remittances are not taxed because they are transfers of previously owned money rather than payments for goods or services. Mexico does not tax receptors of remittances, as long as the transfers are for less than a pre-determined amount.

    http://thehill.com/latino/321869-rem...re-on-the-rise


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    Moderator Beezer's Avatar
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    Time for a 15% service fee that goes directly into the WALL fund.
    ILLEGAL ALIENS HAVE "BROKEN" OUR IMMIGRATION SYSTEM

    DO NOT REWARD THEM - DEPORT THEM ALL

  3. #3
    Senior Member Judy's Avatar
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    Need to include a wall maintenance fee in case they try to damage our wall and we have to repair it. Better make it 25%.

    I think we need towers along with the wall with sharpshooters stationed in them. What's the range of one of those long distance sniper rifles? Damaging our wall needs to be a felony. It would be in any neighborhood, if damage is over $1,500, I think it's called larceny vandalism or something like that.
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    MW
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    Quote Originally Posted by Judy View Post
    Need to include a wall maintenance fee in case they try to damage our wall and we have to repair it. Better make it 25%.

    I think we need towers along with the wall with sharpshooters stationed in them. What's the range of one of those long distance sniper rifles? Damaging our wall needs to be a felony. It would be in any neighborhood, if damage is over $1,500, I think it's called larceny vandalism or something like that.
    Not that I disapprove of your sniper concept, but it would be considered extreme and would never fly.

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    Senior Member Judy's Avatar
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    Who would consider it "extreme"? I don't think Americans who thought it was okay to kill Trayvon Martin, Peyton Strickland or any of the other unarmed Americans for suspected wrong-doing will think it's extreme at all.
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    Moderator Beezer's Avatar
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    It won't be extreme when you have 1,000 people trying to bum rush and scale the Wall like they are doing in Spain.
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