K&L Gates Discusses Trump’s Plan to Make Mexico Pay for the Wall

One of the most significant post-election questions for the financial-services industry—particularly global financial institutions that move money across borders—is, what is the status of President Trump’s proposal to tax electronic remittances to Mexico to pay for the wall between Mexico and the United States?

Mr. Trump’s Proposal

During the 2016 Republican presidential primaries, Mr. Trump laid out various ways to force Mexico to pay for a wall along the U.S.-Mexico border in a two-page memo[1] to The Washington Post,[2] which is now linked to the immigration section of Mr. Trump’s transition website.  The first proposal listed is … Read more