The decision by the Trump administration to impose a 1% tax levy on remittances has been denounced across the globe with Mexican President, Claudia Sheinbaum, touting it as a ‘tax against the poor’.
The remittance tax is expected to severely impact developing states, especially those on the African continent, with nations such as Uganda reportedly receiving an estimated $1.4 billion annually.
Speaking to VOC News, Doctor Paul Kariuki, the Executive Director of the Democracy Development Program (DDP), states that the decision by the United States comes across as lacking care and taking another damning decision for the African continent pointing to previous decisions by the Trump administration to cut developmental assistance.
“It comes across as not only insensitive but also uncaring. We know that this is happening in the backdrop of significant aid reduction in Africa, and other Latin American nations. So when this kind of policy action, what essentially is happening is attempting to push the most vulnerable deeper into poverty,’ said Dr. Kariuki.
Listen to the full interview here:
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