News

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 ...
Lawmakers remove ‘revenge’ tax provision from Trump’s big bill after Treasury Department request
Congressional Republicans have agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill.
Bessent Says Proposed ‘Revenge Tax’ No Longer Needed
A deal has been reached with G-7 nations on international corporate minimum-tax rates.
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'Revenge Tax' Scrapped After Surprise Global Tax Deal
It came after U.S. Treasury Secretary Scott Bessent asked the Senate to remove Section 899, which had come to be known as the “revenge tax,” from the White House’s signature budget bill.
US Treasury close to deal to make ‘revenge tax’ irrelevant
Republicans are weighing whether to pull the controversial tax provision as it nears a deal with European nations and other ...