Republicans remove Section 899 to boost U.S. investment, easing business fears but raising concern among Democrats over ...

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

Section 899 is a tax proposal allowing President Trump to counteract foreign taxes deemed unfair. Its inclusion in a budget ...

The United States and G7 nations have reached an agreement to adopt a new side-by-side international tax framework that ...

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.

Republicans are weighing whether to pull the controversial tax provision as it nears a deal with European nations and other ...

Treasury Secretary Scott Bessent asked House and Senate Republicans on Thursday to scrap the “revenge tax” on foreign ...

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

Section 899, a tax retaliation proposal in Trump's tax-cut bill, may be removed if an international tax agreement is reached.

In this episode of Tax Notes Talk, Jonathan Samford and Kevin Klein of the Global Business Alliance discuss the proposed ...

The US and fellow Group of Seven nations signed off on an agreement aimed at averting a global tax war, by creating a ...

Section 899 was a so-called "revenge tax" that would have raised income taxes on US assets held by people and businesses in other countries. Michael M. Santiago/Getty Images.