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Tax Case

All articles tagged with #tax case

politics1 year ago•2 min saved

Hunter Biden Pardon Sparks Controversy and Legal Debate

A federal judge criticized President Joe Biden for "rewriting history" in his justification for pardoning his son, Hunter Biden, in a tax and gun case. Judge Mark Scarsi noted that Biden's claim that his son's tax issues were solely due to addiction conflicts with the case record, as Hunter admitted to not paying taxes even after regaining sobriety. The judge also dismissed Biden's assertion that the prosecution was politically motivated, highlighting that numerous Justice Department officials oversaw the case. The proceedings in Hunter Biden's cases are set to be formally terminated following the pardon.

via CNN|

#hunter-biden #joe-biden #judge

law-and-politics2 years ago•3 min saved

Supreme Court Weighs In on Taxation and Wealth Redistribution

The U.S. Supreme Court heard arguments in a tax case that could have significant implications for congressional tax policy and cost the federal government trillions of dollars in corporate taxes. The case involves the constitutionality of the Mandatory Repatriation Tax (MRT), which imposed a one-time tax on off-shore investment income. The plaintiffs argue that the tax violates the Sixteenth Amendment, while the government defends its broad taxing power. The court's decision could impact the implementation of future tax policies and potentially unravel a third of the tax code.

via NPR|

#corporate-taxes #law-and-politics #off-shore-tax

law-and-politics2 years ago•2 min saved

Supreme Court Tackles Controversial Tax Case with High Stakes

The Supreme Court is hearing a tax case, Moore v. U.S., which raises the question of whether individuals can be forced to pay taxes on stakes in foreign-owned companies even if they haven't received any income from them. The case drew attention due to Justice Samuel Alito's refusal to recuse himself despite his ties to one of the lawyers involved. The outcome of the case could have broad implications for other tax provisions and potentially impact future efforts to enact a "wealth tax." The Moores, who invested in an India-based company, argue that the tax was unlawful as an increase in the value of a capital investment does not constitute income.

via NBC News|

#constitutional-question #ethics #justice-alito

law-and-politics2 years ago•1 min saved

Justice Alito stands firm, rejects calls for recusal in high-profile cases

Supreme Court Justice Samuel Alito has rejected calls for his recusal from a major tax case, despite concerns raised by Senator Dick Durbin. Durbin argued that Alito should recuse himself due to recent interviews with a lawyer involved in the case. However, Alito defended his decision, stating that justices often give interviews to news organizations and do not recuse themselves when former colleagues or friends are involved. Legal ethics expert Stephen Gillers supports Alito's argument, noting that the lawyer in question is not the lead attorney in the case. Durbin criticized Alito's decision, suggesting a conflict of interest.

via NPR|

#justice-samuel-alito #law-and-politics #recusal

crime2 years ago•3 min saved

Derek Chauvin pleads guilty in tax case.

Derek Chauvin, the former Minneapolis police officer who was convicted of murdering George Floyd, has pleaded guilty to federal charges of failing to pay taxes on income from his side jobs. The guilty plea could result in a lighter sentence for Chauvin, who is currently serving a 22.5-year sentence for Floyd's murder.

via Star Tribune|

#crime #derek-chauvin #george-floyd