News Formal

Supreme Court upholds a tax on foreign income over a challenge backed by business interests

  • 📰 clevelanddotcom
  • ⏱ Reading Time:
  • 27 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Supreme-Court Berita

@Exmeter,@Mrose

Supreme Court justices, by a 7-2 vote, left in place a provision of a 2017 tax law that is expected to generate $340 billion, mainly from the foreign subsidiaries of domestic corporations that parked money abroad to shield it from U.S. taxes.

upheld a tax on foreign incomethat is expected to generate $340 billion, mainly from the foreign subsidiaries of domestic corporations that parked money abroad to shield it from U.S. taxes.

Justice Brett Kavanaugh wrote in his majority opinion that “nothing in this opinion should be read to authorize any hypothetical congressional effort to tax both an entity and its shareholders or partners on the same undistributed income realized by the entity.” Justice Clarence Thomas, joined by Justice Neil Gorsuch, wrote in dissent that the Moores paid taxes on an investment “that never yielded them a penny.” Under the 16th Amendment, Thomas wrote, the only income that can be taxed is “income realized by the taxpayer.”

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 301. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Supreme Court strikes down Trump-era ban on bump stocks, gun accessories used in 2017 massacreThe Supreme Court on Friday struck down a Trump-era ban on bump stocks, a gun accessory that allows semi-automatic weapons to fire rapidly like machine guns and was used in the deadliest mass shooting in modern U.S. history.
Sumber: fox13seattle - 🏆 328. / 59 Baca lebih lajut »

Supreme Court strikes down Trump-era ban on bump stocks, gun accessories used in 2017 massacreThe Supreme Court on Friday struck down a Trump-era ban on bump stocks, a gun accessory that allows semi-automatic weapons to fire rapidly like machine guns and was used in the deadliest mass shooting in modern U.S. history.
Sumber: KTVU - 🏆 465. / 53 Baca lebih lajut »

Supreme Court strikes down Trump-era ban on bump stocks, gun accessories used in 2017 massacreThe Supreme Court has struck down a Trump-era ban on bump stocks, a gun accessory that allows semi-automatic weapons to fire rapidly like machine guns.
Sumber: KPRC2 - 🏆 80. / 68 Baca lebih lajut »