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Trump Administration Strikes Down Controversial 'Revenge Tax' on International Companies

Trump Administration Strikes Down Controversial 'Revenge Tax' on International Companies

POLITICS - 6/27/2025

In a significant move, the Trump administration has directed Republican lawmakers to eliminate the proposed 'revenge tax' targeting international firms. This decision follows an agreement with G7 nations to exempt U.S. companies from a global minimum tax, aimed at protecting American business interests and encouraging foreign investment.

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