India  

Supreme Court Rejects Challenge to Tax Law on Foreign Investments

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Supreme Court Rejects Challenge to Tax Law on Foreign Investments

Supreme Court Rejects Challenge to Tax Law on Foreign Investments

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 investments enacted by a Republican-controlled Congress under former President Donald Trump.

NBC reports that the case had attracted scrutiny when conservative Justice Samuel Alito refused to recuse himself despite ties with one of the challenging lawyers.

The case revolved around whether an individual can be forced to pay taxes on investments in foreign-owned companies regardless of if they were a source of income.

The case revolved around whether an individual can be forced to pay taxes on investments in foreign-owned companies regardless of if they were a source of income.

According to the 16th Amendment of the Constitution, Congress has the power to "collect taxes on incomes.".

In the case, Charles and Kathleen Moore claim they were unfairly taxed on their $40,000 investment in an India-based company called KisanKraft Machine Tools.

.

While the company made a profit, the Moores claim that they received no dividends and that the money was reinvested in the business.

As a result, the Moores did not pay taxes between 2006 and 2017 on what the U.S. government later defined as income from their investment.

.

Due to a provision that was part of a major tax law enacted by former President Donald Trump in 2017, the Moores paid $15,000 in additional taxes.

They later sought a refund for that payment, arguing that they had been unlawfully taxed based on an increase in the value of a capital investment not qualifying as income.

The couple's challenge was rejected by the Supreme Court 7-2


You Might Like


💡 newsR Knowledge: Other News Mentions

Donald Trump Donald Trump President of the United States (2017–2021; since 2025)

Musk says his time working for Trump administration will 'drop significantly' next month - as Tesla profits sink

Elon Musk has said the time he spends with Donald Trump's Department of Government Efficiency (Doge) will "drop significantly" from May and he will allocate more..
Sky News

D.L. Hughley Says Abrego Garcia Battle Is About Due Process, Nation's Soul

Democrats going to war with President Trump over alleged gang member Kilmar Abrego Garcia makes perfect sense to D.L. Hughley, who says it's really a battle for..
TMZ.com
Vance and Modi hail positive US-India trade talks amid Trump tariff threat [Video]

Vance and Modi hail positive US-India trade talks amid Trump tariff threat

Vance and Modi hail positive US-India trade talks amid Trump tariff threat The US is India's main trading partner and their bilateral trade stood at €113bln in 2024, with a €39.9bln surplus in favour of New Delhi. READ MORE : http://www.euronews.com/2025/04/22/vance-and-modi-hail-positive-us-india-trade-talks-amid-trump-tariff-threat Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Credit: euronews (in English)    Duration: 01:02Published
Karoline Leavitt STORMS OUT of the Briefing | Big Reveal on Trump’s Iran, Russia-Ukraine Plans| Full [Video]

Karoline Leavitt STORMS OUT of the Briefing | Big Reveal on Trump’s Iran, Russia-Ukraine Plans| Full

White House Press Secretary Karoline Leavitt stormed out of the briefing room after being pressed on critical questions regarding President Trump's stance on Iran and the ongoing Russia-Ukraine conflict. Tensions soared as reporters confronted Leavitt with inquiries about Trump’s position on military action against Iran’s nuclear sites and his plans to address the escalating Russia-Ukraine war. Leavitt, visibly agitated, struggled to provide clear answers, prompting a heated exchange. #KarolineLeavitt #WhiteHouseLIVE #TrumpPressBriefing #LeavittVsMedia #TrumpHegseth #PressRoomClash #KarolineLive #WhiteHousePress #Trump2025 #MediaShowdown #LeavittUnfiltered #HegsethSupport #WhiteHouseFireworks #PressBriefingLIVE #TrumpCampSpeaks Also Read White House Slammed For 'Dehumanising' Deportation Video Set To Pop Anthem: 'Na Na Na Na, Na Na Na Na' :: https://www.oneindia.com/international/white-house-slammed-for-dehumanising-deportation-video-set-to-pop-anthem-na-na-na-na-na-na-na-n-4116107.html?ref=DMDesc Historic Southern Magnolia Tree to Be Removed from the White House Grounds Over Safety Concerns :: https://www.oneindia.com/international/historic-tree-removal-white-house-safety-concerns-011-4109883.html?ref=DMDesc White House Withdraws Elise Stefanik's Nomination for UN Ambassador Amid Tight GOP House Margins :: https://www.oneindia.com/international/white-house-withdraws-elise-stefaniks-nomination-un-ambassador-011-4107221.html?ref=DMDesc ~PR.152~HT.408~ED.194~

Credit: Oneindia    Duration: 29:49Published
Pahalgam Terror Attack: Trump Pledges FULL SUPPORT as 26 Killed in Deadliest Attack on Civilians [Video]

Pahalgam Terror Attack: Trump Pledges FULL SUPPORT as 26 Killed in Deadliest Attack on Civilians

Trump condemned the brutal terror attack in Jammu and Kashmir’s Pahalgam that claimed the lives of 26 civilians, most of them tourists. Calling the assault "deeply disturbing," Trump expressed his deepest sympathies to the victims’ families and pledged full support to India in its fight against terrorism. The attack, one of the deadliest on civilians in the region, has drawn widespread international outrage. At least 20 people were also injured #TrumpOnPahalgamAttack #PahalgamTerrorAttack #TrumpSupportsIndia #DonaldTrump #JammuKashmirAttack #TrumpCondemnsTerror #PahalgamMassacre #TerrorAttackInKashmir #ModiTrumpOnTerror #TrumpAgainstTerrorism #PahalgamTouristAttack #JammuKashmirTerrorAttack #TrumpIndiaSolidarity #PehalgamTerrorAttack #PahalgamCiviliansKilled ~PR.152~HT.408~ED.194~

Credit: Oneindia    Duration: 03:10Published

United States Congress United States Congress Bicameral legislature of the United States

'Exodus should stop': Congress blames West Bengal CM Mamata Banerjee, BJP for Murshidabad violence

Murshidabad witnessed violence during Waqf Act protests. Pramod Tiwari holds TMC and BJP responsible. He demands an end to the exodus of families. Governor Bose..
IndiaTimes

'Haven’t taken anybody’s name': Baba Ramdev defends 'sharbat jihad' remark amid Rooh Afza row

Baba Ramdev defended his "sharbat jihad" remark, claiming he didn't target any specific brand, while Congress leader Digvijaya Singh filed a police complaint..
IndiaTimes

Waqf law retaliation in guise of reform: Congress

Congress has strongly criticized the new waqf law, labeling it a BJP tactic to target minority institutions and undermine their autonomy. The party argues that..
IndiaTimes

Bombay HC issues summons to Maharashtra CM Fadnavis in petition challenging his 2024 assembly poll win

The Bombay High Court has issued summons to Maharashtra Chief Minister Devendra Fadnavis regarding a petition challenging his 2024 victory in the Nagpur South..
IndiaTimes

No one has licence to loot, Gandhis must answer charges: BJP

BJP dismissed Congress's vendetta claims after the Gandhis were charged in the National Herald case, asserting that no one is above the law. Ravi Shankar Prasad..
IndiaTimes

Supreme Court of the United States Supreme Court of the United States Highest court of jurisdiction in the US

JK Rowling calls for PM to apologise after Supreme Court ruling on women

JK Rowling has called on Sir Keir Starmer and other ministers to apologise after the Supreme Court ruled on the definition of a woman last week.
Sky News

Sibal's 'Constitution' retort to VP Dhankhar's 'Parliament is supreme' take

Kapil Sibal has strongly countered Vice President Jagdeep Dhankhar's assertion that Parliament is supreme, emphasizing that the Constitution holds the highest..
IndiaTimes

'Land not being used for poor Muslims': Kiren Rijiju explains two 'main objectives' of Waqf Act

Union Minister Kiren Rijiju defended the Waqf Act, stating its aims are to benefit poor Muslims and prevent property misuse, highlighting India's vast Waqf..
IndiaTimes

WB terms plea seeking president's rule 'bundle of reckless allegations'

A contempt petition alleging post-election violence against Hindus in West Bengal was filed in the Supreme Court, citing the Contempt of Court Act. The..
IndiaTimes

Supreme Court says probe in relation to Ranveer Allahbadia complete, plea for return of his passport to be heard on...

Ranveer Allahbadia, appearing on one of the episodes of comedian Samay Raina's 'India's Got Latent', had delivered distasteful remarks. Following the incident,..
DNA

Samuel Alito Samuel Alito US Supreme Court justice since 2006

Supreme Court STOPS Trump Use of 1798 Law to Deport Venezuelans |Clash Erupts Over Alien Enemies Act [Video]

Supreme Court STOPS Trump Use of 1798 Law to Deport Venezuelans |Clash Erupts Over Alien Enemies Act

In a stunning late-night decision, the U.S. Supreme Court has halted the Trump administration’s controversial plan to deport Venezuelan migrants under the Alien Enemies Act of 1798 — a wartime law not used since WWII. The emergency ruling comes after civil rights groups warned of mass deportations at Texas detention centers, invoking fears of legal overreach and ethnic targeting. Justices Clarence Thomas and Samuel Alito dissented, setting the stage for a dramatic legal showdown. Is history repeating itself? Is this a new era of immigration enforcement? #SupremeCourt #Trump #ImmigrationCrisis #Venezuela #AlienEnemiesAct #Deportation #Texas #SCOTUS #BreakingNews #HumanRights #1798Law #USPolitics #LegalNews #MigrantRights #CivilLiberties Also Read US Judge Halts Deportation of Indian Researcher Badar Khan Suri :: https://www.oneindia.com/international/us-judge-halts-deportation-of-indian-researcher-badar-khan-suri-4100589.html?ref=DMDesc Homeland Security Deports Professor Dr. Rasha Alawieh for Supporting Hezbollah Leader :: https://www.oneindia.com/international/homeland-security-deports-professor-supporting-hezbollah-leader-011-4097539.html?ref=DMDesc Extremely Happy As She Is Safe: Father Of Gujarat Woman Deported From US :: https://www.oneindia.com/india/extremely-happy-as-she-is-safe-father-of-gujarat-woman-deported-from-us-4063893.html?ref=DMDesc ~PR.274~HT.408~ED.102~GR.125~

Credit: Oneindia    Duration: 03:35Published

Republican Party (United States) Republican Party (United States) American political party

U.S Army Commander Suspended Over 'Missing Trump Wall'| No Photos Of Trump, Vance, Hegseth Displayed [Video]

U.S Army Commander Suspended Over 'Missing Trump Wall'| No Photos Of Trump, Vance, Hegseth Displayed

Colonel Sheyla Baez Ramirez has been suspended from command at Fort McCoy after the base failed to display official portraits of President Trump, Vice President JD Vance, and Defense Secretary Pete Hegseth. The glaring omission sparked backlash when empty frames were spotted on the command wall. Defense officials launched an immediate investigation, and the Department of Defense later updated the wall, saying “we fixed it.” Secretary Hegseth confirmed the suspension on X. The military called it an “unusual oversight,” but refused to share further details about the decision. #Trump #JDVance #PeteHegseth #FortMcCoy #MilitaryNews #Army #CommandWall #ColonelRamirez #TrumpAdministration #WhiteHouse #DefenseDept #USArmy #BreakingNews #PortraitFlap #LeadershipShakeup #DOD #TrumpPortrait #MilitaryCommand #USPolitics #ArmyInvestigation #MilitaryControversy #Pentagon #Vance #TrumpSupporters #ArmyBase #SheylaRamirez #NewsUpdate #XPost #GOP #MilitaryReform #CommandScandal Also Read Trump Considers Temporary Exemption from Auto Tariffs to Aid Car Manufacturers Amid Economic Challenges :: https://www.oneindia.com/international/trump-considers-temporary-exemption-auto-tariffs-011-4124041.html?ref=DMDesc Trump Dismisses General Tim Haugh from National Security Agency Amidst Congressional Concerns :: https://www.oneindia.com/international/trump-fires-general-tim-haugh-national-security-agency-011-4115013.html?ref=DMDesc Trump Warns Iran: Strike A Nuclear Deal In Two Months Or Face Unprecedented Bombing :: https://www.oneindia.com/international/trump-warns-iran-strike-a-nuclear-deal-in-two-months-or-face-unprecedented-bombing-4109797.html?ref=DMDesc

Credit: Oneindia    Duration: 03:30Published
POLL: 46% Say Trump’s China Tariffs Help NEITHER Side | Just 16% Believe They Benefit U.S. Alone [Video]

POLL: 46% Say Trump’s China Tariffs Help NEITHER Side | Just 16% Believe They Benefit U.S. Alone

A new YouGov poll reveals growing public skepticism toward President Trump's China tariff policy. Only 16% of Americans believe the U.S. will benefit from his strategy, while 46% think neither country will gain long-term. The poll shows deep partisan divides, with 61% of Democrats saying no one benefits, and only 29% of Republicans believing tariffs help only the U.S. Meanwhile, nearly half of all Americans see trade with China as “very important” for the U.S. economy. As Trump doubles down, public doubt continues to grow. #TrumpTariffs #ChinaTrade #USChinaRelations #TradeWar #Tariffs #PollResults #ElonMusk #TrumpNews #EconomicPolicy #GlobalTrade #USPolitics #ChinaImports #TradeDebate #PublicOpinion #YouGovPoll #EconomicImpact #BusinessNews #AmericansReact #TrumpVsChina #TariffPolicy #Republicans #Democrats #Skepticism #TrumpStrategy #PollData #BreakingNews #USChinaTensions #WhiteHouse #EconomicBacklash #PoliticalDivide #TradeTalks ~HT.336~GR.122~

Credit: Oneindia    Duration: 03:04Published
‘FREE GARCIA!’: Chaos ERUPTS At Marjorie Taylor Greene Town Hall As Protesters Tased & Dragged Out [Video]

‘FREE GARCIA!’: Chaos ERUPTS At Marjorie Taylor Greene Town Hall As Protesters Tased & Dragged Out

Chaos broke out at a town hall hosted by Rep. Marjorie Taylor Greene in Georgia, where multiple protesters were forcibly removed—two of them tased by police. Bodycam footage captured officers shouting commands and deploying stun guns as tensions escalated. Protesters chanted “Free García!” in reference to a controversial deportation case. Several were charged, sparking concerns over the safety of GOP in-person events. While some Republicans are moving events online, Greene remains defiant—continuing public appearances despite rising hostility and physical confrontations. #MarjorieTaylorGreene #TownHall #Protest #PoliceTasing #MTG #GeorgiaPolitics #FreeGarcia #BodycamFootage #TaserIncident #GOPSecurity #TownHallProtest #RepublicanEvent #PoliticalTension #USPolitics #ImmigrationDebate #DeportationProtest #ProtestArrest #BreakingNews #MTGLive #Tasered #TownHallClash #FreedomOfSpeech #GreeneEvent #DisorderlyConduct #PoliticalChaos #Congress #KilmárAbregoGarcía #GOP #TensionsRise #PoliceVsProtesters ~HT.336~GR.122~

Credit: Oneindia    Duration: 03:19Published

Raunchy Ad Rips MAGA Republicans for Screwing Americans on Taxes

A new ad circulating on social media hits MAGA right in the crotch! The spot shows 2 utility workers griping about their taxes as they walk down a hallway, and..
TMZ.com

Protester tasered as Trump ally Marjorie Taylor Greene's town hall descends into chaos

One protester was tasered and three people arrested when a town hall hosted by hard-right Republican Marjorie Taylor Greene descended into chaos.
Sky News

NBC NBC American broadcast television network

Aimee Lou Wood Says 'SNL' Apologized for "Mean and Unfunny" 'White Lotus' Parody | THR News Video [Video]

Aimee Lou Wood Says 'SNL' Apologized for "Mean and Unfunny" 'White Lotus' Parody | THR News Video

'The White Lotus' season three star Aimee Lou Wood said 'SNL' has apologized for what she called a "mean and unfunny" parody of her over the weekend. In a pre-taped sketch dubbed "The White POTUS," the NBC series spoofed Mike White's hit HBO series, swapping characters from the Thailand-set third season with President Donald Trump, his family and members of his cabinet.

Credit: The Hollywood Reporter    Duration: 01:58Published
'SNL' Writer Pokes Fun at Morgan Wallen's Abrupt Exit From the Show | THR News Video [Video]

'SNL' Writer Pokes Fun at Morgan Wallen's Abrupt Exit From the Show | THR News Video

'Saturday Night Live' has something to say about Morgan Wallen's abrupt exit from the NBC sketch show over the weekend. Wallen performed two songs on Saturday night's show from his upcoming album, I'm the Problem, including the title track and "Just in Case." During the closing credits, Wallen was seen standing next to guest host Mikey Madison. After Madison gave her outro Wallen then gave her a hug, said something in her ear and abruptly walked off the stage.

Credit: The Hollywood Reporter    Duration: 01:19Published
Why is Trump “Angry” With Putin? | Threatens 25% Tariffs On Russia Over Ukraine Ceasefire Standoff [Video]

Why is Trump “Angry” With Putin? | Threatens 25% Tariffs On Russia Over Ukraine Ceasefire Standoff

Donald Trump has expressed anger over Russian President Vladimir Putin's comments on Ukraine. In a fiery NBC interview, Trump threatened to impose secondary tariffs on Russian oil if Russia is blamed for a failed ceasefire. The proposed 25% tariffs would impact countries buying Russian oil. Trump's remarks have stirred reactions globally as the Ukraine war rages on. He also hinted at potential military action against Iran over nuclear disputes. #Trump #Putin #Russia #UkraineWar #OilTariffs #USPolitics #Ceasefire #Geopolitics #Sanctions #EnergyCrisis #Diplomacy #TradeWar #MiddleEast #Iran #ForeignPolicy #GlobalAffairs #Zelenskyy #NATO #WhiteHouse #USNews Also Read Trump Blames Putin & Zelenskyy as He Seeks to End Ukraine War :: https://www.oneindia.com/international/trump-blames-putin-zelenskyy-as-he-seeks-to-end-ukraine-war-4109951.html?ref=DMDesc Trump Warns Iran: Strike A Nuclear Deal In Two Months Or Face Unprecedented Bombing :: https://www.oneindia.com/international/trump-warns-iran-strike-a-nuclear-deal-in-two-months-or-face-unprecedented-bombing-4109797.html?ref=DMDesc No Exemptions For India Yet As New Delhi Braces For Trump’s Reciprocal Tariffs From April 2: Report :: https://www.oneindia.com/international/no-exemptions-for-india-yet-as-new-delhi-braces-for-trump-s-reciprocal-tariffs-from-april-2-4109501.html?ref=DMDesc ~HT.318~ED.102~GR.122~

Credit: Oneindia    Duration: 03:30Published
Trump Calls CNN And MSNBC 'Illegal' In DOJ Speech | Slams Media Bias | Defends Actions Against Press [Video]

Trump Calls CNN And MSNBC 'Illegal' In DOJ Speech | Slams Media Bias | Defends Actions Against Press

Trump calls CNN and MSNBC 'illegal' during his Justice Department speech, accusing them of media bias and corruption. He also criticized CBS, NBC, ABC, and major newspapers, claiming their influence on judges is unlawful. The administration has taken steps against the press, including banning AP from White House events and cutting newswire contracts, escalating tensions with the media. #Trump #DonaldTrump #CNN #MSNBC #DOJ #MediaBias #FakeNews #JusticeDepartment #PressFreedom #WhiteHouse #Republicans #KariLake #CBS #NBC #ABC #NYTimes #WashingtonPost #NewsMedia #Censorship #PoliticalNews #Journalism ~HT.318~ED.102~

Credit: Oneindia    Duration: 03:30Published
'Suits' Star Rick Hoffman Will Return as Louis Litt on 'Suits LA' | THR News Video [Video]

'Suits' Star Rick Hoffman Will Return as Louis Litt on 'Suits LA' | THR News Video

Rick Hoffman, who played Louis Litt in the original 'Suits' series, is set to reprise his role for one episode of the NBC spinoff 'Suits LA.' As for Hoffman's one episode return it's said he could also appear in more episodes if 'Suits LA' is renewed for a second season.

Credit: The Hollywood Reporter    Duration: 01:17Published