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

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

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

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

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

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

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

Concerns have arisen over Section 899, a provision contained within the reconciliation package that would allow the Treasury to implement a "revenge tax." ...

Section 899 of President Donald Trump's One Big Beautiful Bill would impose new taxes on certain foreign investors as part of ...

Treasury Deal Kills 'Revenge Tax' That Spooked Wall Street. The Treasury Department announced a deal with G-7 allies that will exclude US companies from some taxes imposed by other countries in ...

In a post on the social platform X, Bessent said he asked GOP lawmakers to strike Section 899, which would have imposed a tax of up to 20 percent on investments from countries with economic ...