News

How Trump’s ‘revenge tax’ brought the world to its knees
When Donald Trump unveiled his “One Big Beautiful Bill” last month, all the focus was on how the president’s trillions of tax ...
Treasury Deal Kills ‘Revenge Tax’ That Spooked Wall Street
The Treasury Department announced a deal with G-7 allies that will exclude US companies from some taxes imposed by other ...
Trump's 'Revenge Tax': Are Jobs and Your Retirement Savings at Risk?
Republican lawmakers proposed a retaliatory tax on foreign investors that experts warn could lead to job losses in the U.S.
The ‘revenge tax’ is dead before it even started
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.
‘Revenge tax’ in Trump’s ‘big, beautiful’ bill sparks concerns over foreign investment
Concerns have arisen over Section 899, a provision contained within the reconciliation package that would allow the Treasury ...
Treasury Secretary Scott Bessent asks Congress to strip ‘revenge tax’ from Big Beautiful Bill
The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against ...
Trump's 'revenge tax' on other countries could hit U.S.
A controversial tax being proposed by President Donald Trump's administration that could cost Canadians and Canadian ...
Trade Deals Could Eliminate Need for ‘Revenge Tax’, Hassett Says
Donald Trump’s top economic adviser on Wednesday said the administration is pushing US trading partners to move swiftly on ...
G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight
American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.