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US Supreme Court upholds Trump-era tax rule on foreign income

IndiaTimes Thursday, 20 June 2024
The US Supreme Court upheld a tax on Americans investing in certain foreign corporations, impacting legislative proposals for a tax on the net worth of super-rich Americans.
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News video: Supreme Court Rejects Challenge to Tax Law on Foreign Investments

Supreme Court Rejects Challenge to Tax Law on Foreign Investments 01:30

Supreme Court Rejects , Challenge to Tax Law on, Foreign Investments. On June 20, the Supreme Court upheld a tax on foreign corporate investments enacted by a Republican-controlled Congress under former President Donald Trump. On June 20, the Supreme Court upheld a tax on foreign corporate...

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