A loan worth nearly $2bn from China Development Bankto help fund an ambitious San Francisco housing project is being delayed as a result of Chinese concerns about the impact of tax policies in the US, according to a person familiar with the situation.
The measures include the controversial Foreign Accounts Tax Compliance Act (Fatca), which comes into effect in 2014 and could force foreign banks to pay a 30 per cent withholding tax on the interest income on any loans made to US entities or persons.
“They need to clarify the implications of these regulations before they approve the loan,” said the person.
您已阅读23%（608字），剩余77%（2003字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。