US EditionCanadian Investors Express Concern over Trump’s ‘Big, Beautiful Bill’
- On May 22, 2025, the reconciliation bill was approved in the House by a single vote, moving it forward to the Senate for further discussion and possible changes.
- The bill, known as the One Big Beautiful Bill Act, includes Section 899 targeting countries with unfair foreign taxes, raising concerns especially in Canada due to its Digital Services Tax.
- Section 899 empowers the Treasury Secretary to identify countries considered discriminatory in their tax practices, enabling the imposition of higher withholding taxes on dividends paid to entities from those nations, potentially increasing the tax rate by up to 20% above the standard statutory level.
- Experts like George Saravelos and Elias Haddad warn this ‘‘revenge tax’’ provision could reduce foreign investment attractiveness and transform trade conflicts into a capital war, potentially deterring Canadian investors.
- The bill’s future is uncertain due to expected Senate changes, and market participants are advised against immediate action while monitoring how this may affect U.S. Dividend-paying assets and international capital flows.
Insights by Ground AI
Does this summary seem wrong?
23 Articles
23 Articles
All
Left
2
Center
2
Right
5
A rule in Donald Trump's tax law provides for a special tax for foreign investors. According to experts, it could disinsure financiers and increase their escape from the dollar.
·Frankfurt, Germany
Read Full Article
A clause provides for the surtaxation of companies and investors in the United States from countries whose tax practices are deemed "unfair". Europe, the United Kingdom and Canada are targeted.
·Paris, France
Read Full ArticleCoverage Details
Total News Sources23
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
