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 Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign investment and had spooked Wall Street and global business leaders.

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

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

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

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

In this episode of Tax Notes Talk, Jonathan Samford and Kevin Klein of the Global Business Alliance discuss the proposed ...

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

Lawmakers thwart an international tax on U.S. companies that Janet Yellen and Joe Biden never should have allowed.

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