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

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

Treasury Secretary Scott Bessent asked congressional leadership to remove a provision from the Republican tax legislation ...

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

A controversial tax being proposed by President Donald Trump's administration that could cost Canadians and Canadian ...

The Treasury has asked Congress to scrap a provision in Donald Trump’s flagship budget bill that allows the US government to ...

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 threat of punitive taxes on super funds in the US may have eased, but they’re still taking a cautious approach to ...

Treasury Secretary Scott Bessent asked House and Senate Republicans on Thursday to scrap the “revenge tax” on foreign investments from their versions of President Trump’s ...

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

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