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POSSIBLE CGT AND DIVIDEND HIKE ON US INVESTMENTS

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POSSIBLE CGT AND DIVIDEND HIKE ON US INVESTMENTS

"Trump's Big Beautiful Bill set to slug Australian stock investors with tax hikes which are set to lift tax on US dividend income and certain capital gains by 5% for all Australian investors." Why, aside from just being punitive for its own sake, as he is wont to do? Why would he penalise us for investing in his precious American companies? "Trump Strategies" is an oxymoron.

Answer

Hi David,

Taxing foreigners is more palatable domestically than increasing taxes there. We think DT has lost his way in many areas – attracting overseas capital to America has been of huge benefit to them.

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