A New ‘Revenge Tax' Aimed at Foreign Investors Is Rattling Wall Street

Wall Street Journal

6 days ago

A retaliatory measure on foreign governments tucked into President Trump's tax bill has investors on edge.
The proposed change would give the U.S. power to impose new taxes of up to 20% on foreigners with U.S. investments, hitting governments, individuals and companies with U.S. outposts. It's being called a 'revenge tax' because it's specifically designed to apply only in cases where other countries are deemed to be imposing unfair or discriminatory taxes against U.S. companies.