Supreme Court Upholds Tax on Foreign Business Income, Defers Constitutional Question In a significant decision, the U.S. Supreme Court upheld the constitutionality of the Mandatory Repatriation Tax (MRT) on foreign earnings of U.S.-owned corporations, stemming from the 2017 Tax Cuts and Jobs Act. However, the Court avoided ruling on whether income must be "realized" before it can b... https://bostonfagroup.com/#/Supreme-court-defers-fundamental