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

Faced with the threat of a tax war from the US government, which considered imposing steep additional taxes on foreign ...

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

The “honorable compromise” has led the Trump administration to drop its threat to impose a “revenge tax” in a major spending ...

US Treasury Secretary Scott Bessent has said the Group-of-Seven member states have agreed that a key pillar of a global tax ...

The G7 has approved a “side-by-side” tax arrangement supporting the US, including removal of a controversial Trump-era tax ...

Governments are unleashing the "revenge tax" against multinational corporations to recover billions lost to tax avoidance.

UK businesses to benefit as G7 reach agreement on global minimum tax. The Chancellor and G7 plot path forward on global ...

The Group of Seven countries’ agreement to exempt American companies from key elements of global corporate minimum tax rules is a “shameful concession” to the US that OECD countries should reject, the ...

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

Treasury Secretary Scott Bessent said his request for Section 899 to be removed resulted from “a joint understanding among G7 countries.” ...