Fund Managers Lobby Congress to Prevent Foreign Investor Exodus Over Section 899
Unpacking Section 899: A New Chapter in U.S. Taxation of Foreign Investors The introduction of Section 899 in House Bill H.R. 1 marks a significant turning point in the way the United States approaches taxation on foreign investors. While ostensibly designed to combat what the U.S. deems “unfair foreign tax practices,” this provision carries wide-ranging…
