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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Astore ✸  😊 😞
Number: of 15050 
Subject: Section 899 of BIG, beatiful Bill
Date: 05/30/2025 6:29 AM
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FT on a ticking time bond for non-American holders of US assets.

https://www.ft.com/content/96e9d529-32d0-424e-8024...

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Snippet:
"But what investors should also fret about, if they care about the state of Treasuries or are a non-American entity holding US assets, is a clause buried in the bowels of this behemoth called section 899. This would enable the US Treasury to impose penalties on “applicable persons” from “discriminatory foreign countries” by increasing US federal income tax and withholding rates by up to 20 percentage points on their US investments, on a variable scale. It might thus be viewed as a novel “revenge tax” (as some lawyers call it) that Trump could use to bully friends and foes alike in trade negotiations".

Astore
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