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

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

The United States and G7 nations have reached an agreement to adopt a new side-by-side international tax framework that ...

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

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

Section 899 is a tax proposal allowing President Trump to counteract foreign taxes deemed unfair. Its inclusion in a budget ...

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

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

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

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