Trump’s ‘Big Beautiful Bill’ Could Mean One Big Tax Headache for Australia

Trump’s ‘Big Beautiful Bill’ Could Mean One Big Tax Headache for Australia

Australia may be forced to overhaul its domestic tax rules amid pressure from the Trump administration’s “One Big Beautiful Bill Act” (OBBA) that recently passed the U.S. House of Representatives. The bill, currently under Senate consideration, includes Section 899, which could be used to penalise countries deemed to implement “unfair foreign taxes” on U.S. multinational corporations. The law puts the spotlight on Australian and European Union a…

Australian National Review - Trump’s ‘Big Beautiful Bill’ Could Mean One Big Tax Headache for Australia

Australia may be forced to overhaul its domestic tax rules amid pressure from the Trump administration’s “One Big Beautiful Bill Act” (OBBA) that recently passed the U.S. House of Representatives. The bill, currently under Senate consideration, includes Section 899, which could be used to penalise countries deemed to implement “unfair foreign taxes” on U.S. multinational corporations. Source link The post Trump’s ‘Big Beautiful Bill’ Could Mean …