Section 899 Alarms Boardrooms and Businesses, Too
The provision is set to boost taxes on foreign companies doing business in the US. Plus, Webtoon’s CFO talks about building a customer base using micropayments.
Section 899 would force foreign companies to pay higher taxes in the US, just as many struggle with an uncertain economic outlook and tariff threats. Photo credit: Erica Lee/Bloomberg
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Welcome to CFO Briefing, a newsletter devoted to corporate finance and what leaders need to know. This week, I take a closer look at a controversial tax provision in the House-backed budget bill and its impact on foreign companies and chat with Webtoon CFO David Lee.
But first, here’s some other news that caught my eye: