The American financial and bankster oligarchy, steeped in criminality and parasitism, can produce only a government of war, social reaction and repression. In its blind avarice, it is creating the conditions for unprecedented social upheavals. It is hurtling toward its own revolutionary demise at the hands of the working class.
Saturday, January 21, 2017
PUSHING BACK THE LA RAZA MEXICAN OCCUPATION: SHOULD WE TAX THE BILLIONS MEXICANS SEND BACK TO MEXICO?
In America's open and undefended borders the Mex flag wavers suck in billions in welfare, steal our jobs, live in tax-free underground economies and then send what they make back to NARCOMEX.....IT'S TIME TO END MEXICO'S LOOTING!
Experts Explore Feasibility of Using Remittances to Fund US-Mexico Border Wall
Mexico City (CNSNews.com) – A previous congressional proposal and changes to banking regulations could lend support to President-elect Donald Trump’s threat to target cash transfers sent to Mexico by immigrants in the U.S. to pay for a border wall, experts say.
But they also caution that blocking or taxing the transfers – known as remittances – could face legal challenges and may force the annual flow of billions of dollars to Mexico underground, making the transfers harder to regulate.
Trump said in a memo sent to the Washington Post last March – and subsequently reproduced on his campaign website – that he could threaten to block remittances sent to Mexico as a way to force the Mexican government to pay for a border wall.
Trump said Mexico receives some $24 billion a year in remittances from Mexican nationals working in the U.S., with most that amount coming “from illegal aliens.”
Should Mexico in response agree to pay $5-10 billion to fund the wall, he wrote, then the threat to block the remittances would not be carried out.
Remittances to Mexico shot up by nearly 25 percent after Trump was elected last November, compared to 2015, Reuters has reported.
Mexico received $26.5 billion in remittances sent from the U.S. in 2016, according to the Washington policy institute, Inter-American Dialogue.
“This is one promise Mr. Trump might really keep,” David Landsman, executive director of the National Money Transmitters Association, told the institute last year.
Landsman pointed to the Remittance Status Verification Act, introduced by then-Senator David Vitter (R-La.) in 2014, which would have fined senders of international cash transfers seven percent of the transfer amount if they could not show “proof of status under U.S. immigration laws.”
The bill never advanced out of committee.
In remarks published by the Inter-American Dialogue’s “Remittance Industry Observatory” newsletter, Landsman said two General Accounting Office reports had “raised no legal obstacles to status verification.”
“There are some constitutional doubts about a remittance tax at the state level, but none at the federal level,” he noted. “Under one-party Republican rule, the Democrats will have to pick their battles, and undocumented remittance senders are non-voters.”
Reached for comment, Manuel Orozco, director of the Migration, Remittances and Development Program at Inter-American Dialogue, drew CNSNews.com’s attention to his opposing comments, published in the same newsletter.
“If migrants are required to pay taxes on their transactions, some would opt to use informal mechanisms. Others would also use informal mechanisms out of fear of being found living without legal status,” he commented. “Moreover, it would be difficult to apply the tax only to Mexicans and not to any foreign-born individual in the United States.”
“A tax on remittances to pay for a wall along the U.S.-Mexico border is technically and legally unfeasible,” Orozco said. “It would require not only the introduction of new taxes, but also an amendment to the Patriot Act to expect businesses to check immigrants’ legal status in the United States.”
However, according to a recent analysis of Trump’s proposal by The National Law Review, the Patriot Act has been updated to include companies that offer remittance services to immigrants in regulations related to the Bank Secrecy Act.
The analysis also noted that Stuart Anderson, executive director of the National Foundation for American Policy, has said that using the Patriot Act to block the money transfers would likely be “challenged in court.”
“If the new president establishes a tax on transfers, I think there would be years of lawsuits by companies and individuals,” predicted Alfredo Cuecuecha Mendoza, an economist at El Colegio de Tlaxcala, A.C., a university near Mexico City.
“A tax would have to be applied to all transfers, not just transfers made by people of Mexican origin.”
Taxing the transfers could also force immigrants to use other, unregulated means, said Alix Murphy, director of mobile partnerships at the remittances company WorldRemit.
“The fear is that more remittances will go underground,” she told CNSNews.com.
Underground methods for sending cash abroad could include carrying it across the border or using unregistered remittances brokers who have networks of associates abroad.
The brokers accept the cash in the U.S. and their associates make the payments overseas, Murphy said.
Legal money transfers by immigrants are regulated by state laws, and while senders are required to show identification, they are not required to show their immigration status, she said.
In fact, the U.S. Treasury Department allows remittance providers to accept foreign-issued IDs, and an ID issued in the US is not required, according to a 2016 analysis by the Congressional Research Service.
"The American Southwest seems to be slowly returning to the jurisdiction of Mexico without firing a single
shot." -- - EXCELSIOR --- national
newspaper of Mexico
REMITTANCES ….. are only part of
Mexico’s looting… and billions for anchor baby breeders, billions for heroin sales and
then do the numbers!
Mexicans abroad sent home nearly $2.4 billion in transfers in November,
24.7 percent higher than a year earlier, marking their fastest pace of
expansion since March 2006, according to Mexican central bank data on Monday…
MURDER, RAPE, LOOT and VOTE DEM FOR MORE!
EACH ILLEGAL WILL COST THE AMERICAN PEOPLE $640,000
and then they go breed anchor babies for more!