Daniel Weiss

Herbert Smith Freehills Kramer

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Latest Posts › Foreign Investment

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Proposed IRC section 899 ‘revenge tax’ targets residents of certain discriminatory/offending foreign countries

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 22, 2025 (the House...more

6/26/2025 / Foreign Investment , Internal Revenue Code (IRC) , International Tax Issues , Investors , New Legislation , Proposed Legislation , Tax Rates , Trump Administration , U.S. Treasury

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Daniel Weiss

Herbert Smith Freehills Kramer

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Latest Posts › Foreign Investment

Proposed IRC section 899 ‘revenge tax’ targets residents of certain discriminatory/offending foreign countries

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