Trump's Budget Bill Sparks International Tax Concerns and Market Anxiety

1 min read
Source: Financial Times
Trump's Budget Bill Sparks International Tax Concerns and Market Anxiety
Photo: Financial Times
TL;DR Summary

A little-publicized provision in Trump's budget bill, Section 899, could increase taxes on foreign investments in the US, potentially deterring foreign investors, impacting US markets, and affecting international companies and sovereign wealth funds, raising concerns among Wall Street and global financial leaders.

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