Corporate giants like Apple could get massive refunds if the court strikes down the Mandatory Repatriation Tax.
Data: ITEP; Chart: Axios Visuals
A court case on this term's Supreme Court docket could end up granting 400 of America's largest corporations some $271 billion in tax relief, per newThe argument being made by the plaintiffs, an American family with minority shares in an Indian farming firm, is that taxing multiple years of accrued income is unconstitutional.
If the Supreme Court agrees and strikes down the Mandatory Repatriation Tax, that could mean Apple alone would be refunded more than $37 billion that it paid between 2017 and 2022.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Texas Supreme Court Rules To Return Whistleblowers Lawsuit To Travis County District CourtOn Friday, the Texas Supreme Court ruled that a whistleblower lawsuit against Texas Attorney General Ken Paxton could return to trial in Travis County District Court. This comes days after four former top deputies of the attorney general’s office, Blake Brickman, Ryan Vassar, Mark Penley and David Maxwell, filed a...
Consulte Mais informação »
Lawsuit by Attorney General Ken Paxton’s accusers can continue, Texas Supreme Court rulesThe whistleblower lawsuit, which argues that four senior staffers were improperly fired in retaliation for reporting Paxton to the FBI, returns to a Travis County trial court for action.
Consulte Mais informação »
Supreme Court to Review Social Media Content LawsThe U.S. Supreme Court on Friday agreed to decide the legality of Republican-backed state laws that constrain the ability of social media companies to curb content on their platforms that these businesses deem objectionable.
Consulte Mais informação »
Supreme Court to decide if Texas laws limiting social platforms violate the ConstitutionThe Supreme Court has agreed to decide whether state laws seeking to regulate Facebook, TikTok, X and other social media platforms violate the Constitution.
Consulte Mais informação »
Lawsuit by Attorney General Ken Paxton’s accusers can continue, Texas Supreme Court rulesThe whistleblower lawsuit returns to a Travis County trial court for action.
Consulte Mais informação »
Lawsuit by Attorney General Ken Paxton’s accusers can continue, Texas Supreme Court rulesThe whistleblower lawsuit, which argues that four senior staffers were improperly fired in retaliation for reporting Paxton to the FBI, returns to a Travis County trial court for action.
Consulte Mais informação »