The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign ...

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal ...

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Bessent ...

Congressional Republicans have agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill.

Section 899 — would allow the federal government to impose taxes on companies with foreign owners as well as investors from ...

A deal has been reached with G-7 nations on international corporate minimum-tax rates.

Treasury Secretary Scott Bessent asked congressional leadership to remove a provision from the Republican tax legislation ...

House GOP members on Thursday announced they would remove a retaliatory tax measure from their sweeping domestic policy ...

The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against ...

The provision, officially known as Section 899 and informally known as the “revenge tax,” was drafted by House Republicans ...

Australian investors will be spared from Donald Trump's so-called 'revenge tax' after an intervention from his Treasury ...

Republicans agreed to remove from their tax bill a proposal to raise tax rates on foreign companies and individuals after pushback from Wall Street and other critics.