Description
In this live webinar, Tony Nitti, CPA, MST, EY National Tax Department Partner, and Kelly Phillips Erb, J.D., LL.M, Senior Tax writer at Forbes, dive into the Supreme Court case Moore v. United States. They'll explore the ramifications of the case, which is a legal dispute challenging the constitutionality of the deemed repatriation provision (Sec. 965) implemented by the Tax Cuts and Jobs Act. Uncover how this legal confrontation might redefine the landscape of future tax laws.
Learning Objectives
Grasp the origins of contemporary income tax and the ongoing debate surrounding the necessity of "realization" for income.
Acknowledge the possible repercussions on tax legislation in the event of a favorable Supreme Court ruling for the taxpayer.
Recognize the potential influence of the ruling on future considerations for implementing a wealth tax.