Court upholds Trump-era corporate tax on foreign earnings

Photo caption: The court issued four opinions on Thursday. Katie Barlow. Article by Amy Howe. SCOTUSblog – June 20, 2024. Article was originally published at Howe on the Court.

The Supreme Court on Thursday upheld a provision of a 2017 corporate tax reform law, known as the mandatory repatriation tax, that taxes the undistributed profits from U.S. shares of foreign corporations in which Americans own a majority. An American couple had challenged the constitutionality of the one-time tax, which […]

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