Updated: ‘PIE Repeal’ Commentary Revised to Include Section 899 Clarification
Editor’s Note (Updated May 16, 2025):
The article “The PIE Repeal and the Reshaping of Global Dollar Liquidity: A Domestic Risk for Zambia“ has been updated to reflect new U.S. tax legislation under consideration. Section 899 introduces a 5% surtax that could apply even to treaty-protected investors. Legal commentaries suggest a possible cap of up to 20 percentage points, but no automatic escalation is written into the bill.
Read the full, updated piece here: The PIE Repeal and the Reshaping of Global Dollar Liquidity: A Domestic Risk for Zambia
The broader analysis remains relevant for economies with internal dollarization vulnerabilities.