Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
How Trump plans to tax remittances from Kenyans in US
Kenya in 2024 received $2.63 billion (about Sh339.17 billion) in remittances from the US, an equivalent of two percent of the Sh16.22 trillion gross domestic product.
President Donald Trump’s administration is progressing with a proposal to impose an excise tax on money transferred from the US to other countries by non-citizens.
The proposed levy is part of a wider scheme by the US government to stop illegal migration and deport nearly 12 million undocumented migrants.
