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Source (paywall): https://www.ft.com/content/de1968ab-3db3-4aa6-8489-35e7cdb81be7

From the post:

>US authorities have proposed a shake-up that could make sovereign wealth funds liable for taxes on their American investments, delivering a hit to some of the private capital industry’s biggest backers. The Internal Revenue Service published proposals in December to redraw a section of the tax code used by sovereign wealth funds (SWFs) and some public pension funds to claim exemption from paying US levies.

Source (paywall): https://www.ft.com/content/de1968ab-3db3-4aa6-8489-35e7cdb81be7 From the post: >>US authorities have proposed a shake-up that could make sovereign wealth funds liable for taxes on their American investments, delivering a hit to some of the private capital industry’s biggest backers. The Internal Revenue Service published proposals in December to redraw a section of the tax code used by sovereign wealth funds (SWFs) and some public pension funds to claim exemption from paying US levies.
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[–] • 1 pt

I'm not sure what kind of investment company the prime minister of Canada owns, but he moved the headquarters to the U.S. right before their last election. I think it would be very funny if that company was taxed worse than anything has ever been taxed in California.