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

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

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

The Treasury Department announced a deal with G-7 allies that will exclude US companies from some taxes imposed by other ...

Concerns have arisen over Section 899, a provision contained within the reconciliation package that would allow the Treasury ...

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

The US Treasury department has called on Congress to scrap a provision in Donald Trump’s flagship budget bill that would ...

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

Senate Republicans said on Thursday that they would forge ahead with a plan to slash federal food assistance to the poor, ...

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Treasury Secretary Scott Bessent asked House and Senate Republicans on Thursday to scrap the “revenge tax” on foreign ...

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