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.

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal ...

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 ...

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

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Bessent ...

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

The Treasury Department is nearing a deal that would make the so-called “revenge tax” irrelevant, the agency’s ...

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

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