A True Story of Saving Thousands on Cross-Border Interest

aggiunto articolo blog Health

2026-06-01 10:11:13 -

A few years ago, a client from Hong Kong called me with a problem. He had lent $2 million to his cousin's construction company in Texas. The cousin was supposed to pay him 8% interest every quarter. But when the first interest payment arrived, my client was shocked. The U.S. borrower had withheld 30% and sent only 70% to Hong Kong. My client asked me: "Why is the U.S. government taking my...

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