10 hours ago
Section 899 of Trump's Big Beautiful Bill makes US assets ‘less attractive' to Aussie investors
AMP economist My Bui has claimed she is 'quite concerned' about the impact of section 899 of US President Donald Trump's Big Beautiful Bill on Australian businesses.
Treasurer Jim Chalmers spoke to his American counterpart Scott Bessent this morning and used the call to lobby him over the Section 899 tax proposal, which forms part of Donald Trump's Big Beautiful Bill.
If the Bill passes, it could result in Australia being deemed a 'discriminatory foreign country', which could result in Australian businesses investing in America being charged higher taxes.
