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If US Tax office decides to scrap the 20% withholding tax imposed on interest payments paid to foreign investors holding US government bonds. Until now,
If US Tax office decides to scrap the 20% withholding tax imposed on interest payments paid to foreign investors holding US government bonds. Until now, investors from countries with a double-taxation agreement with US had to wait for two years to claim back a portion of the interest that was withheld. What might be the reason(s) for US to eliminate this tax?
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