“Except for that part in the bill about withholding 23 percent of the income of foreign corporations...
If you want to create a tax haven, then you HAVE to worry about them. The whole point of a “Tax haven” is to attract foreign capital investment, so hitting them with a 23% tax blows that idea right out of the water. Why would they invest here when Ireland and other places would tax their investment profits at much lower levels ? This residual income tax is one of the many bizarre sections within HR25. It is directly contradictory to the claims of the proponents that the US would become a tax haven.
I could be wrong but that clause is specifically designed to prevent non resident status from earning income here and expatriating that income tax free. If not, then it should be addressed in the debate before congress.