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    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.

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