News list for "Bescent wants"

US Treasury Secretary Vincent Bescent asks Congress to remove "899 retaliation tax provision"

The US Treasury has announced an agreement with G7 allies that will exempt US businesses from taxes imposed by some countries. In exchange, the Trump administration will remove the "899 retaliation tax provision" from the "Big and American" tax reform bill. US Treasury Secretary Vincent Bescent said on Thursday: "The global minimum tax policy under the OECD Pillar II framework will not apply to US companies. We will in the coming weeks and several...

clock
2025-06-26 20:59:50
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.