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US government plans 20% tax on foreign investments!
Market experts warn of a new US tax on foreign capital gains that could be as high as 20%.
US government plans 20% tax on foreign investments!
Market experts are warning of a new special tax on US capital income that could hit foreign investors hard. This tax is anchored in the US government's latest budget proposal and could impose up to 20 percent on income such as dividends or royalties. The measure particularly affects investors from countries viewed by the US as unfair, which could have a significant impact on the international investment landscape. Loud Reuters The tax could generate revenue of $116 billion (approx. €102 billion) over ten years.
George Saravelos of Deutsche Bank expresses concerns that the US government could use this tax to turn a trade war into a capital war. There are already fears in the financial world that a decline in foreign investment in U.S. assets could weaken the dollar. Morgan Stanley stresses that this could further weigh on the dollar's already fallen value relative to a basket of other currencies. The dollar has lost around eight percent of its value since the beginning of the year.
Impact on investors
The impact of such a tax could be far-reaching. In particular, EU countries as well as Great Britain, India, Brazil and Australia could be affected by US financial policy, according to an analysis by the law firm Davis Polk. However, it remains to be seen how these developments will impact trade relations and investment decisions in the long term.
The budget bill now has to pass the Senate after approval by the House of Representatives before the tax can actually come into force. Against the background of the current economic uncertainties, many people are pointing out the need for a stable and predictable tax policy.
Different taxation of investments
In the USA, income from stocks, bonds and other financial products are subject to different tax regulations. Dividend income is subject to the individual income tax rate or the long-term capital gains tax rate, which may be 0%, 15% or 20% depending on the taxable income. The situation is similar with capital gains from bonds, which can also be held in foreign currencies and thus cause currency-related gains or losses. KPMG has comprehensively presented the diversity of taxation in the USA and shows that derivatives and shares of investment funds are also taxed under different regulations.
Recent developments regarding taxation of foreign investors shed light on the uncertainties that U.S. investors may face in the near future. Wall Street has already issued warnings about possible market instability and negative impacts on foreign investor confidence, which could fuel further market moves. Capital reports that many U.S. companies that have foreign investors or ownership could also face higher tax liabilities.