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US Supreme Court upholds 2017 tax law on foreign subsidiaries of domestic corporations, generating $340bn.
The US Supreme Court has upheld a 2017 tax law imposing a one-time tax on foreign subsidiaries of domestic corporations, generating an expected $340 billion.
The court rejected arguments that the law violated the 16th Amendment, which allows the federal government to impose an income tax on Americans.
The 7-2 ruling leaves the question of broader concerns about a potential wealth tax unresolved.
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La Corte Suprema de Estados Unidos confirma la ley tributaria de 2017 sobre las subsidiarias extranjeras de corporaciones nacionales, que generan 340 mil millones de dólares.