U.S. Supreme Court courtroom. Credit: Carol M. Highsmith/Library of Congress Supreme Court Eyes Consequences of Broad Ruling in Repatriation Tax Case
"[W]hen the court opens a door, Congress tends to walk through it," Justice Neil Gorsuch said.
December 05, 2023 at 05:21 PM
6 minute read
The Supreme Court on Tuesday appeared leery of either striking down or upholding a 2017 tax provision on foreign gains: worrying about dismantling huge parts of the tax code on the one hand or unleashing a tide of new taxes on unrealized wealth on the other.
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