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 ...

When Donald Trump unveiled his “One Big Beautiful Bill” last month, all the focus was on how the president’s trillions of tax ...

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 ...

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

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

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

On Monday, Senate Republicans unveiled their domestic policy bill, which included a so-called revenge tax on foreign ...

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