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

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

Section 899 — would allow the federal government to impose taxes on companies with foreign owners as well as investors from ...

Treasury Secretary Scott Bessent asked congressional leadership to remove a provision from the Republican tax legislation ...

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

The provision, officially known as Section 899 and informally known as the “revenge tax,” was drafted by House Republicans ...

The Treasury Department reached a deal with G-7 allies to exclude U.S. companies from some taxes imposed by other countries ...

The Treasury Department announced a deal that removes the Section 899 "revenge tax" proposal from President Donald Trump's tax bill in exchange for G-7 allies excluding US companies from some taxes ...

The Trump administration is backing a provision in the Republican reconciliation bill that would allow the Treasury Department to implement a so-called “revenge tax” on certain foreign ...

Treasury Secretary Scott Bessent asked Republicans in Congress on Thursday to remove the so-called “revenge tax” from President Trump’s “big, beautiful” bill.

Congressional Republicans agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill on Thursday after a request by Treasury Secretary Scott Bessent.The Section ...

US Treasury asks Congress to scrap foreign revenge tax in Trump bill on whatsapp (opens in a new window) Save Claire Jones in Washington, Stephen Foley in New York and Emma Agyemang in Copenhagen .