Trump’s Energy Plan: Which Stock Sectors Are Hot—and Which Ones Are Not

Chalmers urges Bessent to reconsider ‘revenge tax’ on super funds

The proposal would allow the Trump administration to raise taxes on countries deemed to levy discriminatory taxes against American firms.

Trump’s Energy Plan: Which Stock Sectors Are Hot—and Which Ones Are Not

Trump’s ‘revenge’ tax has energy companies worried

Global energy companies with operations in the US are increasingly concerned about the “revenge tax” now under consideration in the Senate. Section 899 of the Big Beautiful Bill, the Republican-backed tax-cutting program, would significantly raise taxes on income generated by the US branches of foreign companies, when that income is returned to the parent. The idea is to punish governments — particularly in the EU, UK, and Canada — that the Trum…

Trump’s “revenge tax” and what it means for your US investments

Oh god, what now? What now is Section 899 of the One Big Beautiful Bill – Trump’s monster-truck ‘tax and spend’ act currently bouncing around the halls of Congress. Section 899 has been dubbed a ‘revenge tax’ because it targets individuals, corporations, and governments of foreign countries who are deemed to be hitting US entities with ‘unfair foreign taxes’. Foreign countries like China, North Korea, and that island where all the tariff-loving …