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

📆 6/20/2024 8:40 PM

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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.

📆 6/20/2024 8:40 PM
📰 KSLcom

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<p>WASHINGTON — The U.S.

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

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