US Tax Policies Spark Market Jitters and Foreign Revenue Concerns
TL;DR Summary
The proposed Section 899 in Trump's tax bill aims to penalize foreign countries with digital taxes, but it could also increase interest costs for US borrowers by requiring them to gross up payments to cover higher withholding taxes, potentially affecting syndicated loans and foreign lending to US companies. The measure faces political hurdles and has raised concerns among Wall Street analysts about its impact on foreign investment and borrowing costs.
- US Borrowers Face Higher Interest If Trump’s ‘Revenge Tax’ Becomes Law Bloomberg.com
- Opinion | Wall Street Stages a Weird Tax Bill Freakout WSJ
- U.S. foreign tax bill sends jitters across Wall Street CNBC
- America has found a new lever to squeeze foreigners for cash The Economist
- Could Trump’s ‘big beautiful bill’ kill the OFR and accidentally sabotage SOFR? Financial Times
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 4 min read
Condensed
89%
646 → 70 words
Want the full story? Read the original article
Read on Bloomberg.com