British Ambassador to the U.S. Peter Mandelson is interesting to Congress to suppose once more concerning the proposed new retaliatory tax on sure overseas funding within the U.S.
“I feel that there’s one thing fallacious in precept that you need to punish a rustic’s companies and people in America since you don’t like what their governments are doing at dwelling,” Mandelson stated of Part 899 of the Home’s “massive, stunning invoice” to implement Trump’s agenda.
Part 899 would create a retaliatory tax on nationals of nations that impose “unfair overseas taxes” on American companies.
“For those who’ve received an argument with their governments, then take it out on the governments. Don’t take it out on the companies and the people,” he added.
Mandelson additionally believes this new overseas investor tax is “counterproductive” for america.
— Sarakshi Rai