Chief Justice John Roberts may have given away the outcome in Moore v. United States on Tuesday as he wrapped up the two-hour oral argument session. “Thank you, counsel, the case is dismiss—submitted to the court,” he told the lawyers, quickly correcting his verbal flub midsentence.The high-profile tax case saw the justices and the lawyers spar over many moving parts: a tax-code change that was made five years ago, the Sixteenth Amendment, and the idea of what, precisely, counts as “income” unde
Their eventual decision in the case could severely limit congressional options in enacting tax policy, and it could cost the federal government trillions of dollars in corporate taxes.
Supreme Court Considers Constitutional Limitations on Federal Taxing Power theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Supreme Court seems inclined to leave major off-shore tax in place on investors kwbu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kwbu.org Daily Mail and Mail on Sunday newspapers.