Subject: Re: The U.S. Federal tax bill impact for Canadians
The proposed bill would see the withholding tax applied to individuals and businesses increase by 5% per year until the rate reaches 20% above the statutory rate of 30%.

Interesting
My cursory reading suggested that it allowed for an increase in tax rate to a maximum of 20% above what it would otherwise have been in a given situation, not 20% above a 30% "norm". Reading legislative text is of course not exactly something to try quickly. They are professionals, I'm not.

Speaking of professionalism, I suppose etiquette, if not law, would demand the US formally withdraw from the Canada-US tax treaty (and all the others) rather than simply flagrantly violating it.

Jim