Credit: devrim_pinar/Adobe Stock Can Congress Tax Unrealized Gains as Income? Supreme Court May Decide
The justices agreed to consider whether shareholders can owe income tax when no dividend, distribution or other payment has been received.
June 26, 2023 at 02:54 PM
4 minute read
United States Supreme Court
The U.S. Supreme Court on Monday agreed to hear a case examining whether Congress had the authority to enact a "repatriation tax" on past foreign investments held by U.S. taxpayers who received no dividend, distribution or other payment.
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