Icahn Enterprises ☂ - IEP

Just for some additional clarity (thanks @bitflip), the changes here have been made to the US tax code. The knock on effect is that it means that non-US citizens are required to pay a 10% withholding tax on all disposals and distributions received.

The way that this is being implemented and how these taxes need to be reported means that most non-US brokerages will be unable to offer these types of stocks.

I’ve noted some others already sending similar communications to their customers.

I appreciate this isn’t an ideal situation, but we’re really not able to do much in the circumstances.

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