Trump’s Budget Bill and Its Impact on International Taxation and Markets
TL;DR Summary
A hidden provision in a US tax bill, Section 899, proposes increasing taxes on foreign investors in US assets, sparking concerns on Wall Street about reduced foreign investment, potential impacts on the dollar, and US financial markets, amid broader trade and fiscal uncertainties.
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- Foreign tax provision in Trump budget bill spooks Wall Street Financial Times
- International review for May 2025 Tax Journal
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