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

Major pieces of President Trump's Big Beautiful Bill have been reshaped in recent days and many of the edits appear to have ...

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

Congressional Republicans have removed the controversial Section 899 "revenge tax" provision from President Trump's major ...

Americans are tightening their belts after the post-pandemic spending spree. Market volatility, inflation, tariffs and job ...

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

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

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

Treasury Secretary Scott Bessent said his request for Section 899 to be removed resulted from “a joint understanding among G7 countries.” ...

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

Section 899 — would allow the federal government to impose taxes on companies with foreign owners as well as investors from ...