The US administration also committed to dropping Section 899 from its tax and spending package. Named the “revenge tax” as a ...

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

Biden and Yellen handed foreign countries a license to overtax U.S. businesses. Congress seeks a repeal.

Super funds looked set for a new tax on US interests under Trump's Big Beautiful Bill. But a new deal appears to have been ...

The United States and G7 nations have reached an agreement to adopt a new side-by-side international tax framework that ...

Section 899 is a tax proposal allowing President Trump to counteract foreign taxes deemed unfair. Its inclusion in a budget ...

Bessent said that under the G7 agreement, the 15% global corporate minimum tax will not apply to U.S. companies under "Pillar ...

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

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

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

Learn more about Section 899 of The Big, Beautiful Bill and why investors are concerned that it could likely hurt capital markets.