The
#lawsuit was initiated by a Washington couple backed by the Competitive Enterprise Institute, an
#AntiRegulatory advocacy group. Charles & Kathleen Moore were subject to $15k in taxes because of the 2017
#law, springing from
#investments they had made in a company based in India that supplies equipment to small-scale farmers. The law created a 1-time
#tax on certain
#offshore earnings that had previously been exempt from
#taxation unless the taxpayer brought the money back to the US.
#SCOTUS