One Big Beautiful Bill Act: Section 899 Introduces New US Taxes for Residents of ‘Discriminatory Foreign Countries’

On June 5, Skadden hosted the webinar “One Big Beautiful Bill Act: Section 899 Introduces New U.S. Taxes for Residents of ‘Discriminatory Foreign Countries.’” London tax controversy head Patrick O’Gara moderated the discussion. Other speakers included Washington, D.C. tax partner Loren Ponds, Boston partner Moshe Spinowitz and Washington, D.C. counsel David Berke. The panelists provided an overview of the bill’s tax provisions and analyzed the potential implications of the bill on companies around the world.