Supreme Court Rejects Challenge to Tax Law on Foreign Investments from the rook streaming Watch Video
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⏲ Duration: 1:30 👁 View: 60.8M times ✓ Published: 20-Jun-2024
Description: Supreme Court Rejects , Challenge to Tax Law on, Foreign Investments.<br/>On June 20, the Supreme Court upheld a tax on foreign <br/>corporate investments enacted by a Republican-controlled <br/>Congress under former President Donald Trump.<br/>On June 20, the Supreme Court upheld a tax on foreign <br/>corporate investments enacted by a Republican-controlled <br/>Congress under former President Donald Trump.<br/>NBC reports that the case had attracted scrutiny when <br/>conservative Justice Samuel Alito refused to recuse <br/>himself despite ties with one of the challenging lawyers.<br/>The case revolved around whether an individual can be <br/>forced to pay taxes on investments in foreign-owned <br/>companies regardless of if they were a source of income.<br/>The case revolved around whether an individual can be <br/>forced to pay taxes on investments in foreign-owned <br/>companies regardless of if they were a source of income.<br/>According to the 16th Amendment <br/>of the Constitution, Congress has the <br/>power to \