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Is the TCJA Transition Tax Here to Stay?
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Subscribe22 JUL 2024 / BUSINESS
The US Supreme Court has recently upheld the constitutionality of the Transition Tax, also known as the Mandatory Repatriation Tax, in a 7-2 decision in the case, Moore v. United States. Significant for American expatriates, the ruling confirms that Congress can tax unrealized foreign earnings, with potential tax liabilities on overseas profits.
Did the Supreme Court just give the green light to the TCJA Transition Tax in the Moore case? You will only know if you keep reading! The U.S. Supreme Court recently upheld the constitutionality of the Transition Tax, also known as the Mandatory Repatriat...
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