Concerns raised that section 899 could backfire and also undermine dollar's safe haven status Foreign investment into the US could be threatened by Donald Trump's new "revenge" taxes, analysts have warned. A provision within the president's One Big Beautiful Bill Act will allow the US to apply higher taxes on foreign individuals, businesses and investors connected to jurisdictions that impose "unfair foreign taxes" on US individuals and companies.
Trump's 'revenge tax' could threaten foreign investment into US, analysts say
The Guardian - 16 Jun 2025 07:00
Concerns raised that section 899 could backfire and also undermine dollar's safe haven status Foreign investment into the US could be threatened by Donald Trump's new "revenge" taxes, analysts have warned. A provision within the president's One Big Beautiful Bill Act will allow the US to apply higher taxes on foreign individuals, businesses and investors connected to jurisdictions that impose "unfair foreign taxes" on US individuals and companies.
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