Supreme Court Upholds Trump-Era Tax Provision on Foreign Income

The dispute, which was closely watched by experts, involved a one-time foreign income tax, but many saw it as a broader challenge to pre-emptively block Congress from passing a wealth tax. Decisions and Verdicts, Income Tax, Supreme Court (US), Alito, Samuel A Jr, Trump, Donald J, United States Politics and Government, Conflicts of Interest, High Net Worth Individuals, Taxation, Tax Cuts and Jobs Act (2017), Law and Legislation The dispute, which was closely watched by experts, involved a one-time foreign income tax, but many saw it as a broader challenge to pre-emptively block Congress from passing a wealth tax. NYT > Business

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