Lawmakers thwart an international tax on U.S. companies that Janet Yellen and Joe Biden never should have allowed.

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal ...

The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign ...

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

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

The Treasury Department is nearing a deal that would make the so-called “revenge tax” irrelevant, the agency’s ...

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A ‘Revenge Tax’ Victory for Congress Lawmakers thwart an international tax on U.S. companies that Janet Yellen and Joe Biden never should have allowed. By The Editorial Board Share ...

The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against ...

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.

US lawmakers took the axe to the controversial Section 899 of the ruling Republican government’s sweeping tax bill. The ...

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