Oral arguments were heard yesterday (5/12/2023) in a US Supreme Court case on offshore earnings that could impact US President Joe Biden's plans to implement a wealth tax.
The case, Moore v United States, relates to a tax of $14,729 levied against two US citizens, Charles and Kathleen Moore, with an investment in an Indian company, KisanKraft Machine Tools Private Limited.
The plaintiffs claim that the tax, levied under the 2017 Tax Cuts a...
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