Ross McGill

June 13, 2025|1 Minute

Section 899: Implications for QIs

In NQI, QI

Our new white paper examines the enforcement of remedies against unfair foreign taxes in President Trump’s “One Big Beautiful Bill”, and its implications for qualified and non-qualified intermediaries under the QI Agreement, and certified financial intermediaries under the FASTER Directive.

We explore the likely consequences if is enacted and the changes that might result for financial institutions based in jurisdictions with what the U.S. deems “discriminatory” taxes, or with a significant client base in such a jurisdiction.

Download your copy and get in touch if you would like assistance working through what this bill might mean for your institution.

Section 899 White Paper

Download the white paper

Ross McGill

Ross is the founder and chairman of TConsult. He has spent over 26 years working in the withholding tax landscape with companies developing tax reclaim software and operating outsource tax reclamation services.

Ross not only sees the big picture but is also incredibly detail oriented. He can make even the most complex issues simple to understand. He has authored 10 books (including two second editions) on various aspects of tax, technology, and regulation in financial services, making him one of the leading authorities in the world of tax.

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