Retaliatory taxes on foreign companies operating in the U.S. could open the door for a broader economic conflict.

On May 12, 2025, the House Ways & Means Committee released legislative text for a new code section 899 designed to impose retaliatory tax ...

That strategy also probably meant that you ended up paying foreign taxes on your investment. But you can recoup that cost on your tax return. The Internal Revenue Service gives you two ways to use ...

The US tax system is robust enough to monitor companies’ profit shifting, and where the US is tracking income, the global ...

You can never escape Uncle Sam. The U.S. and Eritrea are the only two countries in the world where taxes aren’t based on residency. That means no matter where Americans live, they’re subject ...

Notice was issued to the taxpayer requiring an explanation as to why the taxpayer had discharged Capital Value Tax (‘CVT’) liability partially and not on the entire foreign assets as declared ...

US citizens who live abroad must still file tax returns with the Internal Revenue Service, meaning that in some cases, they have to pay US and foreign taxes on the same income — though in many ...

Trump declares global tax deal has 'no force or effect' in US Trump directs Treasury to identify 'protective measures' on tax Memo warns US firms may face 'retaliatory' foreign tax regimes ...

Before 6 April 2025, UK residents who had their permanent home (domicile) outside the UK did not have to pay UK tax on foreign income. From 6 April 2025, the rules for the taxation of non-UK ...

Foreign workers should complete the year-end tax settlement for their wage and salary income for 2024 by the end of February, the National Tax Service (NTS) said Monday. This requirement applies ...