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

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 ...

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 ...

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

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

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

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