Tax News: The One Big Beautiful Bill

Zoe Andrews and Tanja Velling are joined by Arvind Ravichandran, Tax Partner at Cravath, to discuss the impact the proposed section 899 could have on US capital markets if enacted but how it is unlikely to be a big issue in practice.

They cover:

• The purpose and potential withdrawal from the Bill of Section 899, a proposed tax on foreign investors, in response to global tax developments
• How changes to the GILTI regime aim to more closely align U.S. tax policy with OECD standards
• The mix of permanent tax cuts and temporary “America First” measures included in the Bill
• Key negotiation points for Congress including the SALT cap, Medicaid reforms, and clean energy tax credits

Arvind Ravichandran is a partner in Cravath’s Tax Department. He advises clients on the tax aspects of mergers and acquisitions, spin offs, joint ventures, strategic alliances, restructuring transactions and related financings, and private equity investments across multiple asset classes. He is also a frequent author on various tax topics and an active member of various tax focused organizations.