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

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

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

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

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

Treasury Secretary Scott Bessent has formally asked Congress to delete a controversial provision buried in President Donald ...

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

The proposed tax on foreign investment from countries like Canada, the United Kingdom and Japan left U.S. investment firms ...

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

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 ...

The Treasury Department reached a deal with G-7 allies to exclude U.S. companies from some taxes imposed by other countries ...