On June 16, 2025, the Senate Finance Committee released its proposed version of the “One Big Beautiful Bill Act” (the Senate Bill). The House of Representatives passed its version of the bill on May ...

On Monday, 16 June 2025, the Senate Finance Committee released its version (the Senate Proposal) of the Section 899 retaliatory tax provisions that also are included in the “One Big Beautiful Bill Act ...

Section 899 of the "One Big Beautiful Bill" moving through Congress has raised growing alarms on Wall Street.

Forbes contributors publish independent expert analyses and insights. Nana Ama Sarfo covers current international tax news and transparency. Section 899, the so-called revenge tax against digital ...

Section 899 was a so-called "revenge tax" that would have raised income taxes on US assets held by people and businesses in other countries. - Michael M. Santiago/Getty Images The Treasury Department ...

Congressional Republicans agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill on Thursday after a request by Treasury Secretary Scott Bessent.The Section 899 ...

TAX letter on block cubes on wooden table over world map, modern office city tower and skyscraper, Business and finance concept, Elements of this image furnished by NASA In this episode of Tax Notes ...

Industry groups from real estate, finance, and multinational companies are pushing for a retaliatory tax on foreign investors in the US to be reduced or taken out of the Republican tax bill known as ...

American fund managers are lobbying Congress over a provision tucked inside President Donald Trump's tax bill that they say could lead to foreign investors "quickly" pulling investments out of the U.S ...