On May 12, 2025, the House Ways & Means Committee released legislative text for a new code section 899 designed to impose retaliatory tax measures against unfair foreign taxes, including digital ...

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 ...

The version of the One Big Beautiful Bill (OBBB) passed by the House of Representatives includes a new set of “retaliatory” taxes on inbound foreign investment called Section 899. Since its passage, ...

The decision by U.K. fintech firm Wise to move its primary stock listing to the U.S. is the latest in a series of blows to the London market — and a new provision tucked inside a U.S. tax bill could ...

WASHINGTON, DC - MAY 22: U.S. Speaker of the House Mike Johnson (R-LA) speaks to the media after the House narrowly passed a bill forwarding President Donald Trump's agenda at the U.S. Capitol on May ...

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 ...

A dividend-based portfolio offers a reliable path to retirement income, but Section 899’s proposed tax hikes threaten foreign investors’ returns. Diversifying into international ETFs and consulting ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Journal Editorial Report: The week’s best and worst from Kyle Peterson, Allysia Finley and Kim Strassel. Much of the financial press has taken to labeling Section 899 of the reconciliation bill a ...