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.

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

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Adding to the Fed cut bets has been a raft of weaker-than-expected U.S. economic data, with attention now shifting to ...

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 ...

Treasury Secretary Scott Bessent has formally asked Congress to delete a controversial provision buried in President Donald ...

U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked Republicans in Congress to scrap the Section 899 ...

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

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

The Treasury Department reached a deal with G-7 allies to exclude U.S. companies from some taxes imposed by other countries ...