Supreme Court signals it will uphold a tax on foreign income and leave a wealth tax for another day

 

December 6, 2023



WASHINGTON (AP) — The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day.

On the first issue, conservative and liberal justices voiced concerns that ruling for a Washington state couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code.

After two hours of arguments, there seemed to be a consensus on the court that "there is room for some narrow ground" to decide the case, as Justice Neil Gorsuch said. Such an outcome would avoid what Solicitor...



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