Executors are united to stop Washington’s Trump’s foreign investment tax

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Dozens of one of the world’s largest companies will travel to Washington to counteract the plan to increase foreign investment tax in the United States this week, and millions of Americans.

Lobby driver is targeting sustenance Donald Trump’s Budget Project will allow the United States to apply additional taxes to companies and investors, if the US penalty tax policy is approved.

US companies, US companies, foreign owners, foreign owners and American operations, can be affected by 899 section 899, which can cause managers to withdraw from corporate investment and the United States.

President of the Global Work Alliance Jonathan Samford, the representatives of about 70 companies in their financial time will meet the members of Congress this week and the 899th Section will be “Central Topic”.

The threat of higher taxes did not solve almost 200 foreign companies from 200 in the United States, the Lobby Group, Toyota, SAP and LVMH. Many of them are afraid of a shot of 8.4mn they give in America.

“I think the Senate has an increasing speed to get rid of this provision,” Samford said. “Senators recognize that economic vision for the management is the opposite productive, which has prepared a large precinct to try to invest more in the United States.”

The leading financial trade union also plans to meet republican members to dispute Washington to Washington, Treasury officials and members of the Senate Bank members 899.

CEO of the International Institute of International Bankers Beth Zorc, as the US House of Representatives, the 899 department will pose foreign direct investment, risk financial market and threat to the state affairs and communities in the country. “

The United States has annulled more than 70 percent of US operations, more than 70 percent of US debt for foreign companies.

Foreign banks reported more than US companies in 2023 and financing US companies and financing international companies in the United States, $ 2,500 billion in foreign investment companies brought $ 270 billion in revenue.

The world’s largest banks are expected to give impetus to a decrease in a year-up and measurement, including HSBC, BNP Paribas, Canada, UBS, UBS, China and Mitsubishi UFJ finance.

“We recommend the Senate to consider the changes in concerns related to this provision, American affairs and enterprises to help protect international investments,” Zorc ft said.

Measurement aims to say the United States called “unfair foreign taxes.” Most EU countries, England, Australia, Canada and others, according to Davis Polk Law firm, others would have affected others around the world.

Section 899 for foreign investors will increase taxes to US shares and some corporate bonds for four years and in four years. Currently, taxes are taxed to portfolio holdings in the American portfolio of released sovereignty.

Republicans in Congress searched for roads to lower the cost of Trump’s “big, beautiful” tax invoice; According to the non-partner of the Vergition, 899 sections increased by $ 116 billion in the next ten years. Would still be a general bill Add $ 2.4tn Until 2034, according to the US debt, according to the Congress Budget Department.

Jason Smith, chairman of the Tax Writing House Roads and Vehicles, said he recently did not apply to Section 899, as a rule of the other countries.

“A large concern is trying to eliminate billions of dollars from US companies based on contracts included in the Biden administration,” Smith said.

“This is a way to help us to check them that will be the results for their actions if it does it. I hope it will never affect.”