Q: A couple years back there was some type of change in US tax law that made many LPs subject to IRS withholding of 15% of sale proceeds (non-recoverable), regardless of where the owner lived in the world. The various Brookfield entities said they were not affected, but it has always made me a little cautious. Now BAM is looking at relocating to NY. I realize they are a corp, not an LP, but is there any potential they could get caught up in the withholding issue? I hold BIPC and BN. Any reason for concern here?
Thank-you
Thank-you
5i Research Answer:
We are not international tax experts, but we would have no concerns at all here. As a...