How?
this post was submitted on 11 Jun 2025
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Conservative
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Because the Trump Tax Plan includes a provision, Section 899, that hits back at foreign governments taxing U.S. companies with digital services taxes or the OECD’s global minimum tax. It lets the U.S. impose escalating surtaxes, higher withholding taxes, and remove exemptions for foreign banks, companies, and even central banks if they target American firms. The goal isn’t just to raise money, but to pressure those countries into backing off by making it costly to keep taxing U.S. businesses. It's about using tax policy as leverage to stop the flow of U.S. corporate revenue into foreign treasuries and protect American economic interests.