The United States Supreme Court has voted to uphold a tax on foreign investment that was introduced during President Donald Trump’s administration.
However, the high court left larger questions about taxing unrealized income unanswered.
In a 7-2 ruling, the court affirmed the one-time mandatory repatriation tax that was included in the 2017 Trump tax cuts.
A couple, Charles and Kathleen Moore, challenged the tax after they received a $15,000 bill on their investment in an Indian company. […]
– Read More: slaynews.com
Click this link for the original source of this article.
Author: Slay News
This content is courtesy of, and owned and copyrighted by, https://discernreport.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.