Deutsche Bank Warns of ‘Capital War’ Risks from Trump’s Proposed Tax Changes

Deutsche Bank has issued a warning, suggesting that President Trump’s proposed Section 899 tax changes could trigger a significant shift in international capital flows, posing potential vulnerabilities for the US and crypto markets. The new legislation targets foreign income with higher taxes, potentially escalating trade tensions into a ‘capital war,’ according to prominent Deutsche Bank researcher George Saravelos. Saravelos emphasizes that this tax policy change could disrupt global financial flows as US investors face increased financial burdens.