Christine Concepcion 6/5/25 Christine Concepcion 6/5/25

Proposed IRC Section 899: U.S. Strikes Back at Discriminatory Foreign Taxes

On May 22, 2025, the U.S. House of Representatives narrowly passed the “One Big Beautiful Bill Act”, a $3.8 trillion tax reconciliation package. Tucked inside is the proposed Section 899, a powerful new provision targeting what the U.S. considers discriminatory foreign tax practices.

Lindy Nowak 5/26/25 Lindy Nowak 5/26/25

The One Big, Beautiful Bill: What the 2025 Tax Reform Means for Businesses, Employees, and Investors

The U.S. House of Representatives has passed the “One Big, Beautiful Bill”, a sweeping 2025 tax reform package that redefines the U.S. tax landscape. From new business deductions to expanded health savings account (HSA) eligibility and revised international tax enforcement, this bill has major implications for businesses, employees, and investors.