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forbes.com
🌐 85% Global Worthiness
House Passes Bill with Retaliatory Tax on Foreign Entities
The U.S. House passed H.R. 1, the "One Big Beautiful Bill Act", by a 215-214 vote, containing Section 899 which increases U.S. tax rates on foreign entities from countries with discriminatory tax policies towards U.S. persons, potentially impacting foreign investment.
House Passes Bill with Retaliatory Tax on Foreign Entities
The U.S. House passed H.R. 1, the "One Big Beautiful Bill Act", by a 215-214 vote, containing Section 899 which increases U.S. tax rates on foreign entities from countries with discriminatory tax policies towards U.S. persons, potentially impacting foreign investment.
Progress
40% Bias Score
Reduced Inequality
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