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 Act) that was...more
6/27/2025
/ Budget Reconciliation ,
Cross-Border Transactions ,
Foreign Investment ,
Foreign Tax ,
International Tax Issues ,
Proposed Legislation ,
Retaliatory Tariffs ,
Senate Finance Committee ,
Tax Rates ,
Tax Reform ,
U.S. Treasury
Executive Summary - Retaliatory tax provisions contained in H.R. 1, the “One Big Beautiful Bill Act” that recently passed the US House of Representatives, if enacted, would drastically impact common cross-border transactions,...more