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.
At the Supreme Court Tuesday, the justices approached a major taxwith all the concern that might have greeted an unexpected ticking package on the front porch. The justices' apprehension is likely justified because 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.
