Tag #Section 899

What are the immediate implications of the "Big Beautiful Bill's" tax provisions on European businesses and the ongoing US-EU trade negotiations?

The US House-passed "Big Beautiful Bill" includes provisions imposing special taxes on jurisdictions taxing US entities, potentially impacting European companies and escalating US-EU tensions. The European Commission has raised this concern during ongoing tariff negotiations with the US administration. This action is viewed by some analysts as a retaliatory measure and a means to finance President Trump's domestic agenda.