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To: newfreep

We have the first opinion. It is We have the first opinion. It is Moore v. US by Kavanaugh. (This is the tax case).

The vote appears to be 7-2, with Thomas and Gorsuch in dissent.

https://www.supremecourt.gov/opinions/23pdf/22-800_jg6o.pdf

This is a case about whether a provision of the 2017 Tax Cuts and Jobs Act known as the “mandatory repatriation tax,” which required U.S. taxpayers who owned shares in foreign corporations to pay a one-time tax on their share of the corporation’s earnings, violates the Constitution.

The court holds that it does not, affirming a decision by the Ninth Circuit.


11 posted on 06/20/2024 7:03:30 AM PDT by CFW
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To: CFW

No off shore money for people shielding accounts from taxes. Good. This will have the effect of forcing a repatriation of US money abroad.


42 posted on 06/20/2024 8:24:37 AM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." Jimi Hendrix)
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