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'Collateral damage': Fund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.
The Investment Company Institute says President Donald Trump's tax bill impacts most foreign investments in U.S. stocks, according to documents seen by CNBC.
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cnbc.com
What a ‘revenge tax’ in Trump’s spending bill could mean for investors
Trump's spending bill includes a "revenge tax" to countries that levy "unfair foreign taxes" on U.S. companies. Here's what to know about Section 899.
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'Collateral damage': Fund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.
The Investment Company Institute says President Donald Trump's tax bill impacts most foreign investments in U.S. stocks, according to documents seen by CNBC.
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fortune.com
Trump’s tax bill backfire: Foreign companies could avoid U.S. investment over steep hikes
Known as Section 899, the measure could cause companies to avoid investing in the the U.S. out of concern they could face steep taxes.