#SCOTUS upholds #Trump #tax provision on #offshore earnings
The Supreme Court on Thurs rejected a challenge to an obscure provision of rump’s 2017 tax package.
The one-time tax on offshore earnings helped fund the massive tax cut permitted under #Congress’s limited powers of #taxation.
Some viewed the lawsuit as an effort to preemptively block Congress from creating a #WealthTax.
#law
https://www.washingtonpost.com/politics/2024/06/20/supreme-court-trump-offshore-tax-wealth-earnings/
Supreme Court upholds Trump-era tax provision on offshore earnings
Some viewed the challenge to the one-time tax on offshore earnings as an effort to preemptively block Congress from creating a wealth tax.Ann E. Marimow (The Washington Post)
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