Western Union Reviewing Republican Bill to Tax Remittances

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Global payment services leader, Western Union says it’s currently reviewing a bill placed before Congress by a Republican lawmaker.

The bill proposes to impose a tax on remittances from forty-two Latin American and Caribbean countries, including Jamaica.

In a brief statement today, Western Union said it’s currently reviewing the proposed bill.

It says remittance tax legislation has broad implications.

Western Union says the need to move money reliably and through formalized channels is important.

Western Union operates worldwide in over 200 countries and territories.

Last evening, State Minister of Finance, Fayval Williams said Jamaica could lose approximately $4-billion annually if the US imposes a tax on remittances.

Minister Williams says Foreign Affairs Minister, Senator Kamina Johnson Smith and the Jamaica Ambassador to the US, Audrey Marks, are having discussions in that country about the proposed bill.

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Abka Fitz-Henley is a multiple award-winning journalist who is currently the Senior Reporter at Nationwide News Network (NNN). His primary areas of focus are Court, Crime and Parliamentary proceedings. Fitz-Henley was recently recognized in the regional celebrity magazine publication Panache as “The Breaking News Boss”. At 21 years of age, following his 1st year in media, Fitz-Henley was recognized with the Young Journalist of the year award from The Press Association of Jamaica and went on to cop one of the country’s highest recognized journalism prizes, the Journalist of the Year Award. He’s also been awarded the prestigious Corporate Jamaica Broilers Fairplay 1st place Award for investigative journalism and is the recipient of the Caribbean Blog Award for coverage of the infamous Kartel murder trial. Fitz-Henley is also the recipient of the PM Youth Award for Excellence. Over the years, he has appeared as a guest on the BBC World Service and BBC London.