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Impact of Section 899 of US Tax Bill to Be 'Relatively Manageable' for Re/insurers: Berenberg
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Impact of Section 899 of US Tax Bill to be 'relatively manageable' for re/insurers: Berenberg
The main risk of Section 899 of the US Tax Bill for European insurers and reinsurers relates to a tax on dividends from their US subsidiaries, however, the impact on earnings is expected to be relatively manageable, according to Berenberg. Section 899 of the US Tax Bill, passed by Congress on 22nd May, 2025, would allow the US to tax dividends paid by US subsidiaries to their parent companies, with the tax rising in steps of 5% from 2026 to ulti…
Foreign investors and fund managers in the US have been upset over Section 899 included in President Donald Trump's new tax bill. Fund houses have warned that if this lotus provision becomes law without changes, foreign investors could quickly withdraw money from the US stock market. What is Section 899? This provision levies additional taxes on companies from countries where US companies face charges such as digital taxes or minimum global taxe…
American fund managers lobby Congress over Trump’s tax bill - CEO North America
U.S. fund managers have banded together to oppose a provision in President Donald Trump’s tax bill that they claim could prompt foreign investors to withdraw their investments from the U.S. The Investment Company Institute (ICI), which represents fund houses in the U.S. is lobbying Congress for an amendment to Section 899 of the “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives in May. Section 899 aims to impos…
American fund managers are warning that a provision in Trump's tax law could cause foreign investors to quickly withdraw their capital from American markets, CNBC reported.
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