Question

Which clause in U.S. tax law was referred to as the "revenge tax" on foreign investors?

Q: Answer-Which clause in U.S. tax law was referred to as the 'revenge tax' on foreign investors?

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.

A Section 901

B Section 899

C Section 912

D Section 903

E Section 865

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Which clause in U.S. tax law was referred to as the "revenge tax" on foreign investors?

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