USBC
The Podcast
The really dumb tax hidden in Trump's new bill | The Podcast #10
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The really dumb tax hidden in Trump's new bill | The Podcast #10

The implications of the 5% remittance tax

In this episode, USBC co-founder Greg Kidd discusses the proposed 5% remittance tax tucked away on page 327 of Trump's "big, beautiful" bill—how it could devastate compliant companies and push customers into identity-less payment rails. Ultimately, it's worth asking: what is a remittance, anyway?

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