📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Which clause in U.S. tax law was referred to as the

    "revenge tax" on foreign investors?
    A Section 901 Correct Answer Incorrect Answer
    B Section 899 Correct Answer Incorrect Answer
    C Section 912 Correct Answer Incorrect Answer
    D Section 903 Correct Answer Incorrect Answer
    E Section 865 Correct Answer Incorrect Answer

    Solution

    Section 899 was dubbed the "revenge tax" by critics. It was seen as a penalty on foreign-owned firms, potentially discouraging foreign investment in the U.S. It became a point of debate during global minimum tax negotiations.

    Practice Next

    Relevant for Exams:

    ask-question