What are the key implications of the 'revenge tax' of section 899 in the 'One Big Beautiful Bill,' and which taxpayers should be concerned?

In this episode, we explore how proposed section 899 aims to counteract unfair foreign taxes through specific retaliatory measures, its applicability and scope for taxpayers, and its potential future as it progresses to the Senate.

Join us as our co-hosts and interview returning guest from the KPMG Washington National Tax - International Tax group to answer these questions and more on the latest episode of Inside International Tax.