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Suppose that a foreign investor is thinking about loaning my company $1M. This rule says that 30% of my loan payments will be seized at the border. What sort
by anamax 17y ago
Suppose that a foreign investor is thinking about loaning my company $1M. This rule says that 30% of my loan payments will be seized at the border.
What sort of interest rate will that investor demand?
> If you make a profit in the US expect to get taxed on that profit.
You didn't read the regulation - it says nothing about profit. It says transfers.
The obvious hack is to buy goods and export those for resale. This increases transaction costs and leads to comparable export control regulations.
Congrats - you've just killed your economy.
> you'll find a lot of developed countries have had this on the books.
Oh really? Please provide relevant cites.