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Supreme Court, wealth tax

Supreme Court seems inclined to leave major off-shore tax in place on investors

Their eventual decision in the case could severely limit congressional options in enacting tax policy, and it could cost the federal government trillions of dollars in corporate taxes.

Fox News on MSN · 9h

Supreme Court appears wary of massive tax code overhaul

A Washington state couple's nearly $15,000 tax bill was debated by the Supreme Court on Tuesday, in a case the Biden administration says could have "far-reaching consequences," potentially costing the government more than $5 trillion. At issue is whether ...

Politico on MSN · 9h

Supreme Court unlikely to launch preemptive strike on wealth tax proposals

Justices on both sides of the ideological spectrum pressed a lawyer representing taxpayers who are seeking to throw out a repatriation tax on certain overseas earnings.

MarketWatch on MSN · 9h

Supreme Court weighs how far to go in ‘Super Bowl’ tax case that could nix wealth tax

The court needed to speak clearly against taxing unrealized income in order to preempt court clashes on wealth taxes in the future, they said in court papers. Wealth tax proposals didn’t come up during oral arguments, but they hovered in the background.

CBS News on MSN · 10h

Supreme Court wary of repercussions of case that could upend tax code

The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.

The Washington Post on MSN · 7h

Supreme Court seems inclined to narrowly uphold Trump tax provision

The challenge by a Washington state couple is widely viewed as an effort to preemptively block Congress from creating a wealth tax.

Courthouse News Service · 9h

Supreme Court sees path to uphold Trump tax law without commenting on wealth tax

The justices looked for an even keeled ruling in a case that has the potential to leave the government out trillions in tax revenue.

The Wall Street Journal on MSN · 9h

Supreme Court Wary of Remaking Income Tax

The court looked unlikely to impose strict new limits on Congress’s power to tax income, with some conservative and liberal justices alike signaling wariness about upending long-settled principles of the federal tax code.

The Associated Press - Busines… · 1d

Supreme Court signals it will uphold a tax on foreign income and leave a wealth tax for another day

The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day. On the first issue, conservative and liberal justices voiced concerns that ruling for a Washington state couple challenging a provision of the 2017 tax bill would

Reuters on MSN · 12h

US Supreme Court ponders meaning of 'income' in tax dispute

U.S. Supreme Court justices on Tuesday appeared hesitant to upend a tax targeting owners of foreign corporations that could undermine efforts at imposing a wealth tax on the very rich in a case that has sparked controversy over a call for Justice Samuel Alito to recuse.

Roll Call · 1d

Supreme Court to weigh 2017 tax on overseas earnings

A dispute over a roughly $15,000 tax bill could shape the future of the U.S. tax system in a case set for Supreme Court oral argument Tuesday.

1don MSN

Supreme Court wrestles with legal shield for Sackler family in Purdue Pharma bankruptcy plan

The justices appeared split on whether those who opposed the bankruptcy deal should be prevented from pursuing their own ...

Detroit News15h

Supreme Court appears torn during Purdue opioid settlement arguments

The Supreme Court on Monday seemed torn about both the merits and the legality of a proposed Purdue Pharma bankruptcy ...

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