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Wall Street on edge as Trump’s section 899 tax threatens foreign investment
Wall Street analysts widely agree that the measure would further erode foreign investor confidence. Already shaken by Trump’s unpredictable trade tactics and growing concerns over the US’s worsening fiscal outlook, international investors may see Section 899 as yet another deterrent to holding American assets—once considered a global safe haven.
Wall Street bankers and executives are privately warning the Trump administration that the tax bill moving through Congress could stoke investor anxiety about rising deficits, push up U.S ...
Provision could hike taxes on some foreign companies’ U.S. investments and reduce the appetite for U.S. assets.
The legislation that Republicans are trying to push through Congress could swell the very fiscal imbalance that party leaders ...
NEW YORK/LONDON (Reuters) -Wall Street analysts are cautioning that a tax targeting foreign investors in the U.S. budget bill progressing through Congress could end up weighing on demand for U ...
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