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

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

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

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

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

Known as Section 899, the provision would create a new provision in the US tax code that would boost taxes on the US income of non-US-based businesses and individuals.

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

Learn more about Section 899 of The Big, Beautiful Bill and why investors are concerned that it could likely hurt capital markets.

The potential scope of Section 899 is broad. As the Tax Foundation has calculated, countries with “unfair taxes” account for roughly 80 percent of inbound foreign direct investment to the ...