By americans. It w brought forward by a plaintiff who objected to a clause in a 2017 change in tax law that would have wired a repatriation tax. This is about two. The court squarely held us much just a few years foowg adoption of the amendment. The the presidt kes easy work of the case. It is undisputed the petiors realize nothing from their stock investment. They were taxed not because they had income but becse in 2017 they happened to own sharein corporation. This is a taxn e ownership of property. Dispensing with the need for realization, the framers regarded this as the essential chec on the power of congress to taxrorty. The government cannot identify a single thing congress could not tax its income under its position realization is unnecessary. Without realization there is no limiting principle. Accepting th government position on income would make a cap hash of the current law. Gateway defition of gross income asserts congresses taxing por der the 16th amendment roh reaching al
This is about two hours. The court squarely held us much just a few years following adoption of the amendment. The the president makes easy work of the case. It is undisputed the petitioners realize nothing from their stock investment. They were taxed not because they had income but because in 2017 they happened to own shares in a corporation. This is a tax on the ownership of property. Dispensing with the need for realization, the framers regarded this as the essential check on the power of congress to tax property. The government cannot identify a single thing congress could not tax its income under its position realization is unnecessary. Without realization there is no limiting principle. Accepting the government position on income would make a cap hash of the current law. Gateway definition of gross income asserts congresses taxing power under the 16th amendment through reaching all income from whatever source derived. If the government possession position in this case is right th
Then we speak to the ceo of one of the biggest providers, csop. Haslinda lets take you to markets, where avril hong is on top of developments. Stocks and bonds getting sold off, investors adopting a wait and see attitude. There is a lot to read through today, so bear with me, as we saw that set up from wall street. It was a pretty flat close. Today asian stocks are mostly over save for japan and china. For different reasons. In china, we have seen tech and property rebounding. Property as it scraps homebuying restrictions, and the idea that other tier two cities will follow suit. Thats also boosting the commodity iron ore, those prices ticking higher. In japan, the likes of an earnings release, and we got the news about the share buyback. Those are among the individual names lifting the japanese benchmark. But were also seeing the selloff in bonds, after a 10year treasury auction, and the yields in australia, as well as new zealand, you are seeing big moves about 6, 7 basis points. Don
To disrupt the flow of funds to Illicit Networks around the world, and this is one of those things thats going to stay in place. And all of those entities, iranian or otherwise, that were designated for their support of any terrorist organization are going to stay sanctioned. That includes banks designated for those reasons, one an iranian bank that was related to hezbollah financing. Theyre going to stay sanctioned. Now, the real powerful aspect of this is part of these sanctions that were imposed under the comprehensive iran sanctions accountability and divestment act, the bill passed by congress in 2010, that bill said if you are a foreign bank and you do business one of these people on our list, if you help them transit money to, from iran to lebanon or any other place or even from iran to london for completely peaceful activity, doesnt matter, it can get cut off the from the United States financial system. That is stay anything place, and that is well understood by the iranians. S
D. C. Homeless shelter. Officials have referred charges against her mother to the u. S. Attorneys office for potential prosecution. Bruce leshan reports the City Council Member is now raising serious questions about a d. C. Investigation that concluded the city did everything it legally could to protect the 8 yearold girl. Reporter there was the statement that there have been charges sent to the u. S. Attorney. Can you tell us anything about that . Youll have to talk to the d. C. Attorney about that. Reporter top d. C. Officials still declined to talk publicly about many of the details of the disappearance about 8yearold relisha rudd who was last seen alive with the janitor of her homeless shelter who later allegedly killed his wife and then himself. Sources have long said that a grand jury is looking into whether relishas mother lied to investigators and made it harder for them to find her daughter. Do you solemnly swear the testimony you are about to give today will be the try, the w