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Oral argument suggests narrow ruling to uphold disputed tax

Posted on AllSides December 6th, 2023
From The Center
Thomas Hawk via Flickr

The Supreme Court on Tuesday appeared likely to reject a challenge to the constitutionality of a provision of a 2017 corporate tax reform law that taxes the undistributed profits from U.S. shares of foreign corporations that are majority American owned. The Washington state couple at the center of the case is seeking a refund of the one-time $15,000 increase in their tax bill as a result of the law, but the federal government’s top lawyer told the justices that a ruling in the couple’s favor could cause a “sea change...

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https://www.scotusblog.com/2023/12/oral-argument-suggests-narrow-ruling-to-uphold-disputed-tax/

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