Supreme Court upholds US tax on foreign business income

The U.S. Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

Jun 21, 2024 - 02:00
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Supreme Court upholds US tax on foreign business income
The U.S. Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.