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 ...

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 ...

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

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

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

A ‘Revenge Tax’ Victory for Congress Lawmakers thwart an international tax on U.S. companies that Janet Yellen and Joe Biden never should have allowed. By The Editorial Board Share ...

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

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.

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