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

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

Treasury Secretary Scott Bessent said his request for Section 899 to be removed resulted from “a joint understanding among G7 countries.” ...

US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be ...

U.S. Treasury Secretary Scott Bessent announced Thursday that the Biden-era global tax framework will be modified under a new ...

The Trump administration says it won't pursue a contentious tax targeting foreign investors after negotiating a withdrawal ...

Treasury Secretary Scott Bessent has formally asked Congress to delete a controversial provision buried in President Donald ...

U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked Republicans in Congress to scrap the Section 899 ...

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

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

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 ...