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 ...

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

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

The Section 899 amendment of the “big, beautiful bill” specifically targeted digital services taxes and OECD-backed tax reforms for multinationals adopted by Australia.

The giant tax measure is now being considered by the Senate, and that chamber’s rule keepers have yet to determine whether Section 899 comports with budget rules. Bloomberg Save ...

Treasurer Jim Chalmers has made Australia’s case against one of Donald Trump’s controversial proposals which could eat into the nation’s nest egg.