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.
Republican Senator Thom Tillis anticipates a delay in the 'revenge tax' set to impact foreign companies, as Wall Street and businesses voice concerns. Is Congress ready for a change?
