0830 GMT - Aegon's Transamerica earnings and the Dutch insurer's ability to remit U.S. cash to the group could be seriously dented by the introduction of Trump's new tax provision, ING says in a research note. The proposed change would give the U.S. power to impose new taxes of up to 20% on foreigners with U.S. investments. The worst-case scenario is a 50% tax on remittances, from 0% currently, analyst Jason Kalamboussis writes. "Mitigating actions could be to leave more capital within the U.S. but it would reduce capital distribution plans," he notes. The bill still needs to go through Senate and be implemented. In the meantime, ING expects Aegon to keep focusing on accelerating third party deals to exit legacy books. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 16, 2025 04:30 ET (08:30 GMT)
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