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

The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign ...

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

When Donald Trump unveiled his “One Big Beautiful Bill” last month, all the focus was on how the president’s trillions of tax ...

A key section of the US president’s One Big Beautiful Bill Act has been dropped but the fate of a global deal that took ...

House GOP members on Thursday announced they would remove a retaliatory tax measure from their sweeping domestic policy ...

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

US lawmakers took the axe to the controversial Section 899 of the ruling Republican government’s sweeping tax bill. The ...

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

The tax code was considered a “revenge” tax because it was designed to retaliate against a global tax framework agreed upon in 2021 by the Biden administration and the Organization for ...

The prime minister and the treasurer have been lobbying Treasury Secretary Scott Bessent to drop the tax, which threatened ...