The CEO of Barclays has welcomed indications that U.S. Republicans may scrap the Section 899 retaliatory tax proposal from ...

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

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.

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

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Adding to the Fed cut bets has been a raft of weaker-than-expected U.S. economic data, with attention now shifting to ...

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

Treasury Secretary Scott Bessent said his request for Section 899 to be removed resulted from “a joint understanding among G7 countries.” ...

U.S. Treasury Secretary Scott Bessent announced Thursday that the Biden-era global tax framework will be modified under a new ...

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

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

Davis Polk partner Michael Mollerus discussed the Section 899 provision of the One Big Beautiful Bill Act and its potential impact on foreign investors and companies with Bloomberg. Section 899 would ...