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

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

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

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.

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

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

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

Senate Finance Committee’s H.R. 1 One Big Beautiful Bill Act draft narrows Section 899, capping tax hikes on “offending” countries at 15% and delaying effect to 2027 ...

The US announced an agreement with lawmakers to scrap a proposal that could have resulted in Canadians paying higher ...

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

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

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.