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Foreign tax provision in Trump budget bill spooks Wall Street
For foreign investors, Section 899 would increase taxes on dividends and interest on US stocks and some corporate bonds by 5 percentage points every year for four years. It would also impose taxes on the American portfolio holdings of sovereign wealth funds, which are at present exempt.
The bill offers the possibility of imposing a progressive tax burden of up to 20% on foreign investors' dividends and ...
Wall Street bankers and executives are privately warning the Trump administration that the tax bill moving through Congress could stoke investor anxiety about rising deficits, push up U.S ...
For George Saravelos, head of FX research at Deutsche Bank, the idea of a revenge tax could make them even less attractive.
The bill, which will add an estimated $3.8 trillion to the federal government’s $36.2 trillion in debt over the next decade, ...
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