Washington moves to strip sovereign wealth investors of US tax perk
Proposed IRS code changes would alter the calculus for SWFs to invest in America
Proposed IRS code changes would alter the calculus for SWFs to invest in America

Top foreign investors have warned they could cut their US exposure if Treasury presses ahead

French and German companies warned their access to the American market could be disrupted

Political turmoil and tax threats have accelerated investment flows to havens, asset managers say

Washington’s allies are looking for a new strategy after a week that has demonstrated what some see as the risks of subordination…

There is no precedent of a dominant power abandoning its primacy, as Trump is doing

Move by world’s best performing SWF signals asset owners’ loss of confidence in long-term outlook for US equities