Author: Daniel snow

While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system.Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors.The “One Big Beautiful Bill Act,” which passed through the U.S. House of Representatives last week, includes the most sweeping changes to the tax treatment of foreign capital in the U.S. in decades under a provision known as Section 899. The legislation must still gain the Senate’s approval.”We see this legislation as creating the scope for the US administration…

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