Investors are reacting to a clause buried in “One Big Beautiful Bill Act” that threatens to curtail inbound foreign investment in US assets
With the market taking a closer look at the “One Big Beautiful Bill Act” after it was narrowly passed by the US House of Representatives on May 22, a clause called Section 899 has caught the attention of investors worldwide by including a new set of “retaliatory” taxes on inbound foreign investment.
In this explainer, the Post breaks down some key points in Section 899, including which countries are targeted, and its potential impact on US assets.
Titled “Enforcement of remedies against unfair foreign taxes”, Section 899 is a new provision that targets investments by countries that have “discriminatory and extraterritorial taxes” on US businesses.
Taxes that have been named include the digital-services taxes, diverted-profits tax, and undertaxed-profits rules.
