A proposed new U.S. tax rule may raise withholding taxes on dividends for some foreign investors. Read more here.

The CEO of Barclays has welcomed indications that U.S. Republicans may scrap the Section 899 retaliatory tax proposal from ...

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.

Barclays CEO C.S. Venkatakrishnan has expressed approval of indications that U.S. Republicans might eliminate the Section 899 ...

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

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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.” ...

U.S. Treasury Secretary Scott Bessent announced Thursday that the Biden-era global tax framework will be modified under a new ...

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

The proposed tax on foreign investment from countries like Canada, the United Kingdom and Japan left U.S. investment firms ...

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