Americans are tightening their belts after the post-pandemic spending spree. Market volatility, inflation, tariffs and job ...

The Treasury Department announced a deal that removes the Section 899 "revenge tax" proposal from President Donald Trump's tax bill in exchange for G-7 allies excluding US companies from some taxes ...

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

A deal has been reached with G-7 nations on international corporate minimum-tax rates.

The outcome is a setback as Senate Republicans hoped to launch votes on the package by the end of the week, to meet President ...

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

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The proposed tax on foreign investment from countries like Canada, the United Kingdom and Japan left U.S. investment firms ...

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

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

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