The Mexican government is issuing debit cards to help its citizens evade paying remittance taxes. The cards circumvent the tax because they're linked to American bank accounts.

How is this legal? Trump should freeze or seize all of Mexico's assets in the U.S. pic.twitter.com/T2rTeZSj7R

— Matt Forney (@realmattforney) July 20, 2025

Why is this card even allowable as an option for employers to do a direct deposit? The Mexican president needs to get hammered by the administration. Why aren't remittance taxes at 50%? 15% is not enough.

taxes is theft

We as employers are the governments tax collectors for Americans.

Once again, why the deck is stacked against us

Mexico is our enemy on multiple levels. Quit traveling to Mexico and spending your money there!

I guarantee that Mx guv is getting something out of this.

Old Army Ghost said:

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taxes is theft

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Public benefits received by illegal aliens is theft. Tax evasion by illegal aliens and their employers is theft.

Why are they not using Bitcoin?

I dunno, it sounds like they are subsidizing it to the tune of a 10% interest rate on deposits/balance? Any bank (in a non-sanctioned country) can be used for direct deposits, but I don't know how that avoids the tax on remittances really. Maybe it does, I just am not sure that report is accurate or not (or the below), as it's supposed to replace cash remittances (which of course are almost never tax-paying). The remittance tax to Mexico is now 3.5% I believe.

Y en donde van a depositar? A menos que quieran abrir 10000 sucursales del banco del bienestar en Estados Unidos los depósitos van a ser por el sistema financiero de ese país y ahí es donde les van a cobrar el impuesto

— Quetzal (@qchapa) July 19, 2025

Translation:

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Very proud, they present the Finabien Card, so that undocumented migrants working in the U.S. can send their remittances without paying the new tax.

They promise that when the money arrives in a Finabien account in Mexico, they will receive a 10% rate… right away!

It's awesome! Not even CETES pay that much anymore! And with monthly capitalization, meaning by the end of the year, it'll be much more than 10%.

In short: with every deposit, the country will lose money… as usual, keeping the tradition alive.

Who knows, we might even end up laundering money… and with high interest rates!

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Grok:

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Any financial tool, such as the Finabien Card, could be used for money laundering if there are no strict controls. However, as an entity regulated by the Mexican government, it implements AML measures such as KYC, sending limits ($2,500/day, $10k/month), and transaction monitoring, according to its compliance manual. There is no evidence that it promotes laundering; its purpose is to facilitate legitimate remittances. Verify with authorities for details.

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I guarantee that Mx guv is getting something out of this.

Can I get my own Tarjeta Finabien to evade income taxes and use in the US? I mean even if Mexico takes 10% off the top, I'm still coming out ahead.

Old Army Ghost said:

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taxes is theft

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Get back to me when they stop taxing me.

Make remittance tax 90% and mass deportations will take care of itself

Old Army Ghost said:

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taxes is theft

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You guys only say this out of mockery, in defense of third world leeches (many illegal) actually harming our country by diverting BILLIONS AND BILLIONS of dollars out of this country.

There's a reason your party is dying. This type of crap is one of many.

Simple solution - Put Finabien on the sanctions list for financial corruption and support with the cartels

It is real easy to get around the repatriation taxes. Take cash over the border, crypto currency, debit cards, running payments through business payments, etc. No foreign government help needed. The private sector will provide a low cost mechanism to help those that don't figure out how to do it themselves.

The rate of collection on this tax will be a very small % of the amount the Admin thinks they will collect and it wouldn't surprise me if it is less than the cost to administer the situation.

Invade Mexico.

Ok, this guy knows what he's talking about a lot more than I do. Yes.

Mexico depends on U.S. remittances. That's why their president is trying to give Mexican nationals in the U.S. guidance on how to maximize the flow of U.S. dollars into Mexico.

Their economy is inextricably tied to this cash flow. Without our economy, theirs would crumble. (2/7)

— Eric Schmitt (@Eric_Schmitt) July 21, 2025

It wasn't just Sheinbaum, either. When I introduced the REMIT Act to boost the remittance tax, the president of the Mexican Senate weighed in himself.

It only makes sense: As of 2023, Mexico was raking in more than $63 billion a year in remittances. (4/7)https://t.co/Ili7vePyJn

— Eric Schmitt (@Eric_Schmitt) July 21, 2025

That's why—despite being dependent on us for so much—Mexico has refused to stem the flow of immigrants into our country. They could stop it, but they have a deep financial incentive in continuing to turn a blind eye.

My REMIT Act would end those financial incentives. (6/7)

— Eric Schmitt (@Eric_Schmitt) July 21, 2025

The REMIT act sounds like 'must-pass' legislation.

Proves yet again what a ****hole Mexico is.

Their President is encouraging illegals who have escaped that ****hole, to send money back without paying any fees. They are already illegal, not paying taxes (hence the cash remittances) and now she's proudly showing them a way to not pay any fees.

She should be embarassed, but clearly is proud of her illegals and ****hole country

Sheinbaum is a Bolshevik. This shouldn't shock anyone.

If we had a CIA worth a damn, Mexican government officials would start mysteriously disappearing. Things would change FAST.

Mexico is a 3rd world **** hole narco state that we've put up with for WAY too long.

They are a parasitic government whose country does nothing for us but drain our resources and encourage lawlessness.

Again, we need to invade them and take the country.

If ever there was a legitimate case for it, this is it.

Kansas Kid said:

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It is real easy to get around the repatriation taxes. Take cash over the border, crypto currency, debit cards, running payments through business payments, etc. No foreign government help needed. The private sector will provide a low cost mechanism to help those that don't figure out how to do it themselves.

The rate of collection on this tax will be a very small % of the amount the Admin thinks they will collect and it wouldn't surprise me if it is less than the cost to administer the situation.

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How good of an idea do you think kt is for an illegal to carry a bunch of cash or debit cards through the cartel net? The others? Im sure thats a snap for your average Jose.

Mexico regime is in bed with Maduro

Let that sink in…

The cash option would be those that go over the border, deposit the money in a Mexican bank just over the border and head back. For those that say they risk getting caught for illegal immigration, a number of people sending remittance back have legal status/citizenship. That said, I think crypto and other means would be the primary way of getting around the tax if people want to do it.

Even without avoidance, this would collect around $0.6b/yr max based on $63b of remittances and Trump's 1% tax. How much will it cost us to set up another federal taxing authority to administer this? My bet would be at least a multiple more than that this is the Federal government after all, the poster child of inefficiency.

They don't want them to be funding terrorism like US taxpayers.