A US Tax With Big Consequences For Africa
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A US Tax With Big Consequences For Africa
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US President Donald Trump is proposing a 3.5% tax on remittances by non-citizens as part of the Republican tax bill currently working through the Senate.
On today’s episode of the Next Africa podcast we look at why this proposal could have major repercussions for African economies, particularly Nigeria, one of the world’s biggest recipients of remittances.
Jennifer Zabasajja is joined by Dr Lydiah Kemunto Bosire, the founder of New York based 8B Education Investments, and hears how this makes America less attractive to Africa’s brightest students, and Nigeria Bureau Chief Anthony Osae Brown explains how reliant Nigeria is on remittances especially ofF the back of USAID cuts.
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