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The Guardian - UK

World

Graeme Wearden

Trump’s ‘revenge tax’ could threaten foreign investment into US, analysts say

United States Foreign Investment Donald Trump UniCredit Goldman Sachs

Donald Trump at the White House — Donald Trump’s section 899 classes digital service taxes and ‘diverted profits taxes’ as unfair, along with any taxes that target US entities. Photograph: Nathan Howard/Reuters

Foreign investment into the US could be threatened by Donald Trump’s new “revenge” taxes, analysts have warned.

A provision within the president’s One Big Beautiful Bill Act will allow the US to apply higher taxes on foreign individuals, businesses and investors connected to jurisdictions that impose “unfair foreign taxes” on US individuals and companies.

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