Trump Budget Bill Spooks External Tax Provision on Wall Street

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Wall Street, Donald Trump, which allows the Donald Trump’s budget document to increase taxes in the United States in the US, the markets rose and hit the American industry.

Last week, Section 899 of the Project of the House of Representatives will allow additional taxes to companies and investors in the US Penitarian Tax Policy. This can increase taxes in extensive foreign organizations, including foreign residents, including foreign owners, American departments and investors.

Section 899, corporate investment and may require us stif Foreign investors They are already withdrawn from American markets. This retreat of the Trump administration’s tariff policy is more dependent on this backing, the United States is more dependent for the debt of foreign investors.

“This is a market hearing, especially from foreign investors,” he said.

“It is a very self-scored wounds at a time to be funded here. Thus, the time is really weak.”

A chief executor on a large wall street bank “Echoed Peters,” This is one of the more anxious thoughts coming out of DC this year.

Morgan Stanley analysts, in Section 899, will probably put pressure on dollars and “foreign investment”, JPMorgan said it was “important effects for both the United States and foreign corporations.”

Section 899 aims to say the United States is called the United States “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. Taxes are currently in the portfolio of the American portfolio of the released sovereign wealth funds.

“Long-term effects for international companies operating in the United States, the GLOBAL Business Union, which represents the largest foreign multinational investment in the United States, President of the Trade Group Jonathan Samford.

“This provision will not affect the bureaucrats in Paris or London. Paris, Kentucky and London, Ohio will affect American workers.”

The world’s largest banks and financial institutions, 400, 400 management jobs, capital formation and production capacity, it can be reflected, it can be reflected.

“Any violation of the flow of capital and foreign direct investment can lead to negative results for American companies, jobs and economic competitiveness.”

Although the US shares and some corporate bonds are facing higher taxes, it is unknown whether the tax will be extended to the treasury debt, according to several analytics and investors. Interest in the Treasury is generally free to make taxes free of taxes for investors outside the United States and make a large change from this taxable policy.

“Section 899 is not legally clear to the potential tax on treasures,” he said. “Tax treasures may be counter-productive, because any potential income can probably result in an increase in debt costs (as investors sell the debt of investors).”

However, although the treasures do not tax directly, Section 899 will show another concern for international owners of the US debt when a large number of unloading deficit and tariff policy is careful.

“Our foreign customers call on this to us for panic.” The management director said in a large US bond Fund. “Treasury owners will be taxed, but our foreign investors will be.”

Additional interview by Martin Arnold in New York in London