A dispute over a roughly $15,000 tax bill could shape the future of the U.S. tax system in a case set for Supreme Court oral argument Tuesday.
A couple, Charles and Kathleen Moore, have challenged the constitutionality of their tax bill for their shares of a company in India under a provision of a 2017 tax law meant to initiate a one-time tax on earnings held in overseas corporations.
The mandatory “repatriation” tax provision itself represents hundreds of billions of dollars in government revenue. But many tax experts have said the case could determine the fate of decades of U.S. tax law and Democratic proposals to tax the wealthy.
