Reported about 17 hours ago
The U.S. Treasury Department has reached a deal with G-7 allies to exempt American companies from taxes imposed by other nations in return for eliminating the ‘revenge tax’ proposed in Trump’s tax bill. This measure aimed to counter perceived discriminatory tax policies of other countries and initially raised concerns about its impact on U.S. investments. With this agreement, Treasury Secretary Scott Bessent has requested Congress to remove the tax code provision, which has sparked relief among investors.
Source: YAHOO