Reported 3 months ago
A little-known tax provision in Donald Trump's extensive tax-and-spending bill is raising alarms in financial markets. Under Section 899, the proposal seeks to impose higher tax rates on foreign investments perceived as benefiting from unfair tax treatments. Analysts warn this could deter foreign investors, further damaging confidence in U.S. Treasury bonds and the dollar, amidst ongoing trade tensions and legal restrictions impacting Trump's policies.
Source: YAHOO