Biden and Yellen handed foreign countries a license to overtax U.S. businesses. Congress seeks a repeal.

The US administration also committed to dropping Section 899 from its tax and spending package. Named the “revenge tax” as a ...

Lloyd’s Chair, Sir Charles Roxburgh, has issued a statement commending the removal of Section 899 from the reconciliation ...

The Treasury Department announced a deal with G-7 allies that will exclude US companies from some taxes imposed by other ...

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

Investors are reacting to a clause buried in “One Big Beautiful Bill Act” that threatens to curtail inbound foreign ...

A proposed U.S. tax targeting foreign investors could hurt European energy giants that operate in America's booming oil and ...

Section 899 defines “unfair foreign tax” to mean the undertaxed profits rule (UTPR is a mechanism for collecting top-up taxes under the OECD’s Pillar Two 15% global minimum corporate tax), ...

Barclays CEO C.S. Venkatakrishnan has expressed approval of indications that U.S. Republicans might eliminate the Section 899 ...