The United States and the Group of Seven nations have agreed to support a proposal that would exempt US companies from some components of an existing global agreement, the G7 said in a statement on ...

The US and fellow Group of Seven nations signed off on an agreement aimed at averting a global tax war, by creating a “side-by-side” system that would exempt US companies from some elements of ...

President Trump unexpectedly announced Friday that he was “terminating” trade talks with Canada due to a looming digital services tax.

A deal has been reached with G-7 nations on international corporate minimum-tax rates.

U.S. Treasury Secretary Scott Bessent announced Thursday that the Biden-era global tax framework will be modified under a new G7 agreement, prompting the removal of the controversial Section 899 ...

G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.

U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked Republicans in Congress to scrap the Section 899 retaliatory tax proposal from their tax and spending bill after Washington ...

Treasury Secretary Scott Bessent asked House and Senate Republicans on Thursday to scrap the “revenge tax” on foreign investments from their versions of President Trump’s sweeping tax bill ...

Bessent said that under the G7 agreement, the 15% global corporate minimum tax will not apply to U.S. companies under "Pillar 2" of the Organization for Economic Cooperation and Development tax deal.

Treasury Secretary Scott Bessent said the Group of 7 had agreed that penalties related to a 2021 “global minimum tax” deal would not apply to American companies.

Jim O'Neill thinks the elite grouping no longer serves a useful purpose, at least as it is currently constituted.