Leila Carney Weighs in on Moore v. United States in Bloomberg Law

Bloomberg Law

The US Supreme Court ruling Thursday on a key foreign-income tax case allays the most dire fears that it could upset other parts of the tax code, but questions remain about what it may signal for a potential future wealth tax and other provisions.

. . .

Just the fact that the court took the case was a warning to Congress that the court may be inclined to rule against such a tax, said Leila Carney, tax attorney at Caplin & Drysdale.

“It’s a very clear message to Congress that there are limits,” she said in an interview.

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