Supreme Court rejects challenge to tax on foreign corporate investments

WASHINGTON — The Supreme Court on Thursday upheld a tax on foreign corporate investments in a case some worried could imperil any future attempts to enact a wealth tax on the super-rich. The case had previously attracted scrutiny after conservative Justice Samuel Alito refused to recuse himself over his ties with one of the lawyers challenging the one-off tax imposed in 2017. Alito was part of the 7-2 majority that rejected the challenge to the measure.

” David Rivkin, one of the lawyers involved in the case against the federal government, interviewed Alito in two articles published in The Wall Street Journal that addressed recent claims of ethics violations on the court and the power of Congress to legislate on the issue. Rivkin represents Washington state-based Charles and Kathleen Moore, who invested in an India-based company, although he did not argue the case in front of the Supreme Court.

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