The proposed 'revenge tax' within the 'Big Beautiful Bill' enables the US to impose extra taxes on foreign entities from countries that the Trump administration claims have unfair tax practices against US entities. This includes potential levies on digital services revenue and a higher minimum tax on foreign profits. Critics argue this policy could lead to decreased foreign investment, increased economic instability, and heightened uncertainties in international markets, possibly exacerbating economic downturns in the US.
The administration's unpredictable approach to global economic policy has already created uncertainty in international markets.
The revenge tax moves will add to economic uncertainty and stop foreign CEOs from investing, contradicting President Trump's economic goals.
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