Revenge Tax Sparks Fears of Escalating Capital War
TL;DR Summary
A provision in the U.S. budget bill, dubbed the 'revenge tax,' could increase taxes on foreign investors from countries with discriminatory tax policies, potentially making U.S. assets less attractive and escalating tensions from a trade war into a 'capital war,' according to analysts and Wall Street experts.
- The ‘revenge tax’ buried deep in the budget bill could turn a trade war into a ‘capital war,’ analyst says AOL.com
- U.S. foreign tax bill sends jitters across Wall Street CNBC
- America has found a new lever to squeeze foreigners for cash The Economist
- Key Republican Hopes ‘Revenge’ Tax Will Be a Never-Used Deterrent Bloomberg.com
- There’s a ticking time bomb in Trump’s ‘big, beautiful bill’ Financial Times
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