Mexico will offer its best political and legal defense against the initiative to tax remittances, according to Foreign Minister De la Fuente / @SRE_mx >>>

#SRE.- Foreign Minister Juan Ramón de la Fuente asserted that the U.S. House of Representatives’ initiative to impose an additional tax on remittances is unfounded, and we disagree with it.

We will provide our strongest defense, both politically and legally, because we do not believe that this measure, aimed at raising revenue for the United States, will affect a very important and sensitive portion of our fellow citizens, he stated.

The Foreign Minister clarified that this initiative is aimed «first and foremost at people who have already paid taxes, who are people who contribute significantly to the North American economy. The amount of remittances represents only 18% of all the income generated by our fellow citizens, and the rest remains in the United States.»

During his participation in the People’s Morning Conference, De la Fuente detailed the legislative process being carried out in the Mexican House of Representatives through the Ways and Means Committee, which is responsible for tax matters. He highlighted the response sent to congressmen, following instructions from President Claudia Sheinbaum, to express their rejection of this initiative.

He emphasized that this legislative committee met on May 12th, where this tax-revenue initiative was presented, and a day later, a letter signed by the Mexican ambassador to the United States, Esteban Moctezuma, and the head of the North American Unit of the Ministry of Foreign Affairs, Roberto Velasco, was delivered to its congressmen, outlining the arguments the president had indicated.

De la Fuente reported that in addition to this letter, Ambassador Moctezuma has been meeting with various groups of legislative representatives to present Mexico’s position and the reasons why they disagree with the initiative.

He also reported that yesterday, through official channels, the proposals submitted by the Secretary of the Interior to the Permanent Commission of the Congress of the Union were forwarded, and the Permanent Commission issued a statement on the matter.

For his part, the Head of the North American Unit of the Ministry of Foreign Affairs, Roberto Velasco, emphasized that while the government respects legislative procedures, the initiative under consideration impacts several areas of international law that the two countries have agreed to through the Convention signed to avoid double taxation and prevent tax evasion, in force since 1994.

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