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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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