Imagine being a global investor, riding the highs of the U.S. market, only to wake up and find out Congress is eyeing your profits like it’s a clearance sale. That’s the vibe right now as Section 899, better known as the “revenge tax,&rd...
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How Trump’s Revenge Tax Could Shake Global Investment
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Subscribe16 JUN 2025 / ACCOUNTING & TAXES
Section 899, also known as the "revenge tax," is making its way through the US Congress. This provision, part of President Trump’s "One Big Beautiful Bill," could increase taxes for foreign investors by up to 20 percentage points in response to these investors' home countries imposing taxes on American tech giants, signaling a power and leverage play against America's trade partners. This move could have significant repercussions on investors, corporations, and the future of the US's economic diplomacy, particularly as it could stimulate a shift from a trade war to a capital war, according to Deutsche Bank's George Saravelos.
Imagine being a global investor, riding the highs of the U.S. market, only to wake up and find out Congress is eyeing your profits like it’s a clearance sale. That’s the vibe right now as Section 899, better known as the “revenge tax,&rd...
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