News Formal

Supreme Court won't upend tax on Americans' foreign earnings

  • 📰 KSLcom
  • ⏱ Reading Time:
  • 23 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 55%
  • Publisher: 51%

News News

Traffic,Weather,Sports

The Supreme Court preserved a tax on Americans who have invested in certain foreign corporations as constitutionally sound, ruling on Thursday against a challenge to it at a time when some Democratic lawmakers are seeking to impose a wealth tax on the super rich.

<p>WASHINGTON — The U.S.

</p><p>The one-time &quot&#x3B;mandatory repatriation tax&quot&#x3B; was part of a Republican-backed tax law passed by Congress and signed by former President Donald Trump in 2017.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 549. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Supreme Court won't upend tax on Americans' foreign earningsUS Supreme Court won't upend tax on Americans' foreign earnings
Source: Investingcom - 🏆 450. / 53 Read more »