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

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

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

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 ...

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 ...