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

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Supreme Court 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The justices left in place a provision of a 2017 tax law expected to generate $340 billion, mainly from the foreign subsidiaries of domestic corporations that…

The law, passed by a Republican Congress and signed by then-President Donald Trump, includes a provision that applies to companies that are owned by Americans but do their business in foreign countrieson foreign income over a challenge backed by business and anti-regulatory interests, declining their invitation to weigh in on a broader, never-enacted tax on wealth.

But the larger significance of the ruling is what it didn't do. The case attracted outsize attention because some groups allied with thecouple who brought the case argued that the challenged provision is similar to a wealth tax, which would apply not to the incomes of the very richest Americans but to their assets, like stock holdings, that now get taxed only when they are sold.

A ruling for the Moores could have called into question other provisions of the tax code and threatened losses to the U.S. Treasury of several trillion dollars, the

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 545. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

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.
출처: fox13seattle - 🏆 328. / 59 더 많은 것을 읽으십시오 »

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.
출처: KTVU - 🏆 465. / 53 더 많은 것을 읽으십시오 »

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.
출처: KPRC2 - 🏆 80. / 68 더 많은 것을 읽으십시오 »