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 ...

The One Big Beautiful Bill Act (the “Bill”), which was passed by the House of Representatives on May 22, 2025, contains a provision that, if enacted in its current form, would have a dramatic impact ...

Section 899, often described as a “revenge tax”, was a controversial provision in President Donald Trump’s One Big Beautiful ...

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 ...

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 ...

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, ...

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 ...