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Investment

Section 899 ditched but companies face tax uncertainties

While Australian investors breathed a resounding sigh of relief when US President Donald Trump binned section 899 of the One Big Beautiful Bill Act (OBBBA), local multinationals, however, were lumped with grave uncertainties surrounding the global Pillar 2 tax regime.

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Read more: IIROBBBAOECDUTPRDonald TrumpOECD/G20 Two-PillarSW AccountantsAnnabelle MillerAntony CheungDan FarmerECP Asset ManagementFinancial StandardIncome Inclusion RuleMLC Asset ManagementUndertaxed Profits Rule