SCOTUS Rejects Challenge To Tax On Foreign Corporate Investments

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On Thursday, the Supreme Court of the United States (SCOTUS) rejected a challenge to a 2017 tax law passed by Congress. 
Categories: 16th Amendment2017 tax law2022American shareholdersAmerican-controlled foreign corporationapportionment requirementArticle IBusinesscapital investmentCHALLENGECharles MooreCongressconstitutional authorityECONOMYforeign companiesincome taxinvestment gainsJames MeyersJustice Brett Kavanaughjustice clarence thomasKathleen MooreMandatory Repatriation TaxMoore v. United Statesnational programsNinth CircuitOANOAN Newsroomordinary Americansoverseas businessProfitsrealized incomerefundshareholdersSupreme CourtTax Cuts and Jobs ActTodays Headlinesunconstitutional taxesWealth Tax

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