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 ...

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

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

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

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.

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

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

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