SCOTUS Rejects Constitutional Challenge to Mandatory Repatriation Tax

Westlaw Today

Shay Dvoretzky Victor Hollender Parker Rider-Longmaid Sylvia O. Tsakos

In Moore v. United States, the U.S. Supreme Court rejected a constitutional challenge to the Mandatory Repatriation Tax. Partners Shay Dvoretzky, Victor Hollender and Parker Rider-Longmaid and associate Sylvia Tsakos discuss the Court’s conclusion that the MRT does tax income — the realized earnings of foreign corporations — and thus is a constitutionally permissible income tax authorized by the Sixteenth Amendment.