Meanwhile,
Barclays pdg saves possible abandonment:
The director general of Barclays praised the signs indicating that American Republicans could give up the retaliatory tax proposal in section 899 in their tax. In addition, budgetary bill.
“The advances concerning section 899 are welcome progress. Furthermore, a significant outcome for many British companies like Barclays, which invest in the United States and support economic growth in the two countries,” said CEO of Barclays, CS Venkatakrishnan, in a statement addressed by email to Reuters.
It is unusual that a British bank leader criticizes a specific policy of the American president Donald. Trump. The multinationals present in the United States lead. via professional groups, an active lobbying against section 899, alerting to the potential consequences of this measure on their investment projects in the country.
Section 899 would have enabled President Donald Trump to retaliate against countries imposing taxes on American companies barclays pdg saves possible abandonment as part of a 2021 global tax agreement. which Trump judges inequitable.
“This agreement is another important sign of the close working relationship between the British Chancellor. the American Treasury Secretary, an essential relationship for companies in the United Kingdom and the United States,” added Venkatakrishnan.
barclays pdg saves possible abandonment — Barclays pdg saves possible abandonment: The director general of Barclays praised the signs indicating that American Republicans could give up the retaliatory tax proposal in section 899 in their tax. budgetary bill. “The advances concerning section 899 are welcome progress an.
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