Lawmakers thwart an international tax on U.S. companies that Janet Yellen and Joe Biden never should have allowed.

President Trump is laying the groundwork to replace Federal Reserve Chair Jerome Powell as soon as he can. With less than a ...

The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign ...

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

A key section of the US president’s One Big Beautiful Bill Act has been dropped but the fate of a global deal that took ...

The prime minister and the treasurer have been lobbying Treasury Secretary Scott Bessent to drop the tax, which threatened ...