Post #19873 by onepoorguy on the US Policy board

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I'm nothing if not fair. He got this right, and the SCOTUS just upheld a challenge to the foreign investment tax. He still got the other tax cuts wrong, but he did get this one correct. So kudos for that.

https://www.cbsnews.com/news/supreme-court-tax-dec...

(Shocker: Thomas dissented.)

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from what am currently aware, also agree.

ultrawealthy (<1%ers), on both left and right, get pitched large stakes in (not necessarily large nor public) foreign companies as effectively a permanent tax deferral vehicle. of course, they now just need the accountant to 'efficiently' keep them below a 10% stake.
i imagine someday they would followup with stepped up inheritance on theses foreign stakes, and\or some other scheme to perpetuate the avoidance.

nonetheless, i expect net trump policy to keep falling farther behind broken clock win rates.

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