US Treasury asks Congress to scrap retaliatory tax measure in Trump budget bill
Scott Bessent says deal with G7 will stop so-called Pillar 2 taxes from applying to American companies
Scott Bessent says deal with G7 will stop so-called Pillar 2 taxes from applying to American companies

Carve-out for big American companies was agreed when Ottawa held G7 presidency

Deal under consideration would limit taxes on dividends even as spending plan deepens debt and cuts programmes for poor

Rating agency expects income from aggressive trade policy to offset tax and spending changes

Trump administration says high levies imposed on partners are ‘locked in’

US president’s latest ‘reciprocal’ levies hit many countries that had struck deals with Washington

Move against global tax body marks Trump administration’s latest effort to withdraw from international organisations