“报复税”撤销，“Buy America”口号回归! 澳大利亚超2万亿美元资金松了口气

Group 1 - The Australian pension industry, valued at AUD 4.1 trillion (approximately USD 2.7 trillion), expressed relief over the U.S. government's decision to cancel the proposed "retaliatory tax," which would have increased tax burdens on foreign investors' asset income [1] - The cancellation of the retaliatory tax is expected to reignite investment enthusiasm among Australian pension funds and global institutional investors in the U.S. market, particularly in U.S. equities, leading to a renewed "Buy America" trend [1] - Australian pension funds have already invested approximately USD 450 billion in the U.S., covering various asset classes including infrastructure, equities, U.S. Treasuries, and corporate bonds [1] Group 2 - The U.S. Treasury's announcement of an agreement with G7 allies, which excludes U.S. companies from certain taxes in other countries, is seen as a positive outcome for large institutional investors from countries like Australia [2] - Australian Treasurer Jim Chalmers expressed concerns directly to U.S. Treasury Secretary Scott Behnke, highlighting the importance of resolving tax uncertainties for Australian pension funds seeking deeper investment opportunities in the U.S. [2] - The potential tax reform had previously caused Australian pension funds to reassess their investment positions in the U.S. due to rising uncertainties [2] Group 3 - The original proposal for the retaliatory tax led to caution among Australian institutional investors, with some, like Cbus Super, refraining from U.S. infrastructure transactions this year [3] - The Australian Superannuation Funds Association (ASFA) welcomed the recent developments but noted that further legislative action is required in the U.S. Congress to finalize the changes [3] - ASFA's Chief Policy and Advocacy Officer indicated that the potential legislative changes could alter the risk-return profile of U.S. investments for Australian funds, which would be detrimental to all parties involved [3]