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US President Donald Trump’s tariffs Play in US courtsAnother one of the laws can arm the American tax system.
Investment banks and legal firms can prove that this step is as important as the influence of the responsibilities of investors.
Last week, a great fine ticket in the US House of Representatives, in a provision that is known as Section 899, the United States includes the most sweeper changes in the tax treatment in the United States. The legislation should still gain approval of the Senate.
“This legislation converts a trade war of the US administration to a capital war, George Saravelos, George Saravelos, the global head of FX studies in Deutsche Bank.
“Section 899, US economic goals, US economic goals in the law,” US customers, customers, customers’ economic goals, the US economic governing is a problem.
Section 899 Bill says “discriminatory foreign countries” will hit institutions – such as digital service taxes, which are affected by US companies.
For example, France has 3% tax on online platforms targeting major technology firms Google, Amazon, Facebookand Apple. Germany does reported to be taken into account A similar tax is 10%.
What is the proposed tax doing?
Within the framework of the new tax bill, the United States will increase the investors of these countries by increasing the amount of 5 percent each year by increasing tax revenues.
Head of European capital strategy Emmanuel Cau, the head of the European capital strategy, simply proposed the transition of tax legislation may be less valuable.
“In our opinion, this is a risky risk in countries that produce US incomes and digital services taxes (DST) or in countries implemented in local countries in the countries applied under tax tax payments (UTR)
The companies stressed as London listed Compass groupUS schools provide catering services and Intercontinental hotelsIn the United States, the proposed law is likely to be affected by at least 25 luxury hotels.
“If the Net International Investment Position has been acute negative, indeed S899, the current form of the Senate has really a capital inflows,” he said.
The impact of the bill will not be limited to the persons of European companies or individuals.
The bill can significantly increase tax rates applied to certain people and businesses, government and other institutions, “the bill said. Linklaters.
This means that governments and central banks with large investors may have US Treasures. France and Germany, for example, were combined $ 475 billion US government bonds from March.
The proposed tax will further reduce the US treasures for US investors, “Deutsche Bank’s Saravelos.” For the Usts, the student has a negative impact and finances the US twin deficiency in the United States.
“It’s very bad.” “It’s great – this is only one piece in the general plan and it is completely suitable for what the management is.”
“For this, the final judge is not our opinions, but the bond market,” Wittmann said. “The US bond market has reduces these developments and has been a safe insurance action in the last few weeks, investors clearly prefer German sets“
There were also Australian Pension Funds with US Investments It was reported to be concerned about the billAustralia has a drug subsidy scheme that is contrary to major US drug companies.
Mayer Brown Law in the firm of law experts, “Significant changes” can be made to the bill before taking the bill by the US Senate before passing the US Senate.
“Thus, the provisions of the proposal of the proposal, which can be the provisions of the US Senate may have the provisions of the US Senate,” said Mayer Brown experts.
