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Supreme Court Upholds Tax on Foreign Business Income, Defers Constitutional Question

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Introduction In a landmark decision today, the U.S. Supreme Court ruled that the Mandatory Repatriation Tax (MRT), a one-time tax on accumulated but undistributed foreign earnings of certain U.S.-owned foreign corporations, is constitutional. However, the Court notably avoided addressing a more fundamental question: what constitutes taxable income under the U.S. Constitution? This d... https://bostonfagroup.com/#/Supreme-court-defers-fundamental

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