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

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

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

The Treasury has asked Congress to scrap a provision in Donald Trump’s flagship budget bill that allows the US government to ...

A controversial tax being proposed by President Donald Trump's administration that could cost Canadians and Canadian ...

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

Concerns have arisen over Section 899, a provision contained within the reconciliation package that would allow the Treasury ...

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

Jim Chalmers welcomes the news that Australian investors will likely escape a 15 per cent tax that would have been imposed on ...

Republicans agreed to remove from their tax bill a proposal to raise tax rates on foreign companies and individuals after pushback from Wall Street and other critics.

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