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Trump's Tax Plan Could Spike Foreign Investment Withholding by 20%

6/7/2025

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Summary

Story summary

President Trump's proposed Section 899 tax legislation threatens to raise withholding taxes on foreign investments from countries like Canada, potentially increasing rates by up to 20%. This move could create turmoil for Canadian investors and businesses, with experts cautioning that the economic fallout could reach billions if the legislation is enacted.

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Story summary

President Trump's proposed Section 899 tax legislation threatens to raise withholding taxes on foreign investments from countries like Canada, potentially increasing rates by up to 20%. This move could create turmoil for Canadian investors and businesses, with experts cautioning that the economic fallout could reach billions if the legislation is enacted.