Hopefully Tesla share price bounce back today as Trumps response on Truth Social tanked the stock price overnight....lol
One Big Beautiful Bill - Section 899 - Increased US Taxes on Foreigners Investing in US
- Thread starter Martin Everson
- Start date
- Status
You mean the same guy that laughed at BYD 13 years ago....lol?
---- quote start
The tax provision could trigger a 5 per cent fall in the dollar and a︀ 10 per cent selloff across equities, according to Allianz SE chief investment officer Ludovic Subran.︁
-- quote end
Chinese EV titan BYD annual sales hit $100 billion eclipsing rival Tesla
https://edition.cnn.com/2025/03/25/cars/china-byd-annual-sales-pass-tesla-intl-hnk/index.html'US no longer a safe nation for investment': Why Carmignac chief economist thinks Trump's 'revenge tax' will backfire
https://www.msn.com/en-in/news/othe...-trumps-revenge-tax-will-backfire/ar-AA1Gd4pj---- quote start
Wall Street consensus
According to Bloomberg data, the Wall Street consensus is that the tax provision would further decrease investors' confidence in US assets, which are already shaken by Trump’s trade policies and America’s deteriorating fiscal accounts.The tax provision could trigger a 5 per cent fall in the dollar and a︀ 10 per cent selloff across equities, according to Allianz SE chief investment officer Ludovic Subran.︁
-- quote end
I am very afraid of going back to USA now. It's a scary situation for everyone. See Los Angeles city chaos in news . Saturday︀ night live show would be very interesting with this kind of political climate created by︁ all of this sad experience
Oh I misunderstood you..ooops
Yeah that's another topic and hopefully that stuff don't escalate further and things go full authoritarian, marshal law etc
🙁.
Anyway if one is living in an unfriendly country to US think wisely if you want to hold US investments if this bill passes "as is". The︀ political risks are high and that is not something often said when one invests in︁ the US financial markets.
Yeah that's another topic and hopefully that stuff don't escalate further and things go full authoritarian, marshal law etc
🙁.
Anyway if one is living in an unfriendly country to US think wisely if you want to hold US investments if this bill passes "as is". The︀ political risks are high and that is not something often said when one invests in︁ the US financial markets.
This is what democracy leads to ... its rubbish, getting worse and worse, avarage person is more raterded than ever because of social media, junk food etc... I hope with the help of God the monarchy will be restored one day.
Monarchy? Like when those that now have social media and junk food simply count not read and did have no food?
I think he means more like Monaco, Brunei or the Gulf States. There are undeniably successful modern monarchies. There are also less successful ones like Eswatini, and de facto monarchies even if they dont formally call themselves that, like North Korea, Togo, Azerbaijan and Equatorial Guinea.
And the king/president/dictator has to have absolute or near absolute power, otherwise I wouldnt call it a monarchy. Like the Netherlands or Sweden arent monarchies. And for places that dont call themselves monarchies,︀ but have an absolute ruler, I count it as a monarchy if the power is︁ handed over to the son (or daughter but thats unusual) of the ruler, when the︂ ruler dies. (And it's always when they die, kings dont deliberately leave power, that's not︃ how it worked historically, and not how it works today)
And the king/president/dictator has to have absolute or near absolute power, otherwise I wouldnt call it a monarchy. Like the Netherlands or Sweden arent monarchies. And for places that dont call themselves monarchies,︀ but have an absolute ruler, I count it as a monarchy if the power is︁ handed over to the son (or daughter but thats unusual) of the ruler, when the︂ ruler dies. (And it's always when they die, kings dont deliberately leave power, that's not︃ how it worked historically, and not how it works today)
Yes, but then you would need to hope for the help of Allah, not God.
Sucess is always a matter of definition.
Sucess is always a matter of definition.
To step away from the two retards fighting on the internet and back to Section 899, the worst part is that determination of what is an unfair tax is an administrative determination. That will be abused by every president going forward in different and unpredictable ways. When the IRS is done with its rule making for implementation, it will start as a mess and only get worse.
Senate Delays and Scales Back ‘Revenge Tax’ in Trump Bill
https://www.msn.com/en-us/money/mar...es-back-revenge-tax-in-trump-bill/ar-AA1GPTyf----
(Bloomberg) -- Senate Republicans plan to delay and make less onerous a levy targeting foreign companies and investors from countries that the US determines have been unfairly taxing US companies.
The provision, officially known as Section 899 and informally known as the “revenge tax,” was drafted by House Republicans and supported by the White House to counter several European countries, Canada, Australia and more nations from taxing US firms in a way those lawmakers argue is discriminatory.
The Senate’s version of the bill released late Monday would delay that new tax until 2027 for calendar-year filers and raise it by 5 percentage points a year until it hit︀ a 15% cap.
The House version of the tax would take effect sooner and rise︁ to 20% over four years on individuals and firms from targeted countries, raising an estimated︂ $116 billion over 10 years help offset the rest of the President Donald Trump’s massive︃ tax and spending package.
----
In the end, the proposed Section 899 was dropped. It mainly served as leverage to pressure certain European countries into abandoning their plans to impose unlawful digital services taxes targeting U.S. tech giants... And the strategy seems to have worked so far...
These digital services taxes are indeed unlawful because taxing rights are governed by bilateral Double Tax Treaties (when they exist, of course) Instead of working through consensus to redefine concepts like a digital permanent establishment,something no one really wants,some EU countries have introduced absurd unilateral taxes based solely on user location.
The idea that a company should pay tax just because its services are consumed in a particular country blatantly disregards established international tax principles. By that logic, LMVH should be paying significantly more tax in the U.S. simply because many Americans︀ drink champagne. It’s a legally dubious and economically reckless approach.
The idea that a company should pay tax just because its services are consumed in a particular country blatantly disregards established international tax principles. By that logic, LMVH should be paying significantly more tax in the U.S. simply because many Americans︀ drink champagne. It’s a legally dubious and economically reckless approach.
treaty overrides, despite allowed by US jurisprudence, should conflict with international standards (where treaties are considered above domestic ordinary law)
This is almost equivalent to say that the US can unilaterally change treaties terms without any negotiation with the other party. I am not an expert but I believe is strongly against all WTO principles.
This is almost equivalent to say that the US can unilaterally change treaties terms without any negotiation with the other party. I am not an expert but I believe is strongly against all WTO principles.
WTO doesn't deal with income tax systems, but with customs procedures and duties.
Double tax treaties only apply in relation to taxes within the scope of such treaties. If you create a new tax, with a slightly different tax base, it is going to be without the scope of the treaty. And that is the trick used by many in Asia and Europe to introduce the digital services tax against American big techs. In addition, each country has the power to terminate the treaty at any time.
I am not American, but in respect with that matter, Mr. Trump is totally right.
Double tax treaties only apply in relation to taxes within the scope of such treaties. If you create a new tax, with a slightly different tax base, it is going to be without the scope of the treaty. And that is the trick used by many in Asia and Europe to introduce the digital services tax against American big techs. In addition, each country has the power to terminate the treaty at any time.
I am not American, but in respect with that matter, Mr. Trump is totally right.
- Status