Posted on May 20, 2025 in
Legal Alerts
Although the majority of the tax bill introduced by the House Committee on Ways and Means on May 12, 2025 is focused on the Administration’s domestic agenda, the bill includes some material changes to the international tax rules, as well as a change to the Tariff Act of 1930 (Tariff Act). The international tax changes include: A new section 899 regarding the imposition of unfair taxes...