Withholding Tax Rules Under Current Law -
Current US tax law provides for a 30% withholding tax on interest paid by a US borrower to foreign lenders. However, many foreign lenders are exempt from this tax, either under the...more
6/13/2025
/ Borrowers ,
Credit Agreements ,
Financial Services Industry ,
Foreign Investment ,
International Tax Issues ,
Lenders ,
Loans ,
Proposed Legislation ,
Tax Liability ,
Tax Reform ,
Withholding Tax
On November 2, House Ways and Means Committee Chairman Kevin Brady (R-TX) released the “Tax Cuts and Jobs Act of 2017” (HR 1, or the “Bill”). On November 3, the Chairman’s Mark of the Bill was released, and Chairman Brady...more