You are viewing a single comment's thread from:

RE: LeoThread 2024-06-20 20:57

in LeoFinance • last year

🧵 1. Supreme Court upholds tax on foreign corporate investments, rejects challenge. Decision not deemed applicable to potential wealth tax on super-rich. #finance

Sort:  

🧵 2. Justice Brett Kavanaugh emphasizes narrow scope of ruling, stating it does not pertain to possible wealth tax involving assets.

🧵 3. Case involved tax law enacted by Republican Congress under Trump administration, addressing taxation on incomes from foreign-owned companies.

🧵 4. Individuals involved in case sought refund after paying additional taxes due to law change, arguing against tax on capital investment value rise.

🧵 5. Background of case includes concerns over Justice Alito's ties to lawyer challenging tax, raising ethics issues about recusal and court's power.