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 ...

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

Section 899, a tax retaliation proposal in Trump's tax-cut bill, may be removed if an international tax agreement is reached.

Section 899 of the proposed Bill would sharply increase U.S. withholding taxes on foreign investors, potentially reaching 50%. Click for more on U.S. Economy.

A proposed U.S. tax targeting foreign investors could hurt European energy giants that operate in America's booming oil and ...

Investors are reacting to a clause buried in “One Big Beautiful Bill Act” that threatens to curtail inbound foreign ...

Section 899 could be viewed as a much bigger step in that direction. These two policies are especially concerning given support for capital controls among some members of the Trump administration.