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Supreme Court upholds Trump-era tax on foreign earnings

Posted on 20 June 2024 By No Comments on Supreme Court upholds Trump-era tax on foreign earnings

The Supreme Court upheld a Trump-era tax on foreign earnings Thursday. In a 7-2 ruling, justices said the policy, which imposes a one-time tax on Americans with shares of foreign companies, is constitutional. CBS News legal contributor Jessica Levinson unpacks the decision.

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