Tag Archives: US considers fee on money-transfers to help fund Trump’s border wall

US considers fee on money-transfers to help fund Trump’s border wall

US considers fee on money-transfers to Guyana, other countries to help fund Trump’s border wall

Posted by:  Demerara Waves – April 25, 2017   

United States-based Guyanese could soon be asked to pay more to send their relatives and friends a ‘small piece’ or a ‘frek’ if a Bill is passed to impose a two percent tax on all remittances sent to Guyana and several other countries to help fund the construction of a US-Mexico border wall.

Introduced to the House of Representatives on March 30, 2017, the Border Wall Funding Act seeks to amend the Electronic Fund Transfer Act to impose a fee for remittance transfers to certain foreign countries, and for other purposes. The US-Mexico wall, a major campaign promise by American President Donald Trump to keep out illegal aliens and other undesirables from entering the US,  is estimated to cost US$21.6 billion.     Continue reading

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