Key Points:
- Deutsche Bank sees a “capital war” risk from tax changes.
- Section 899 targets foreign income with higher taxes.
- Potential capital outflow could affect US and crypto markets.
Deutsche Bank’s warning highlights potential for major shifts in international capital flows, emphasizing significant market and economic vulnerabilities.
“We see this legislation as creating the scope for the US administration to transform a trade war into a capital war if it so wishes, a development that is highly relevant in the context of today’s court decision constraining President Trump on trade policy.” — George Saravelos, Head of FX Research, Deutsche BankInvolved parties include Deutsche Bank and the Trump administration. Actions focus on elevated taxes on foreign income, increasing financial obligations for investors. This policy shift could reshape global capital accessibility.
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