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

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

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

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

Group of Seven nations agreed to exempt U.S. companies from a 15% minimum corporate tax rate, the countries said in a joint ...

Section 899 was a so-called "revenge tax" that would have raised income taxes on US assets held by people and businesses in other countries. Michael M. Santiago/Getty Images.

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

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

Section 899, a tax retaliation proposal in Trump's tax-cut bill, may be removed if an international tax agreement is reached.

AMP economist My Bui has claimed she is “quite concerned” about the impact of section 899 of US President Donald Trump’s Big ...