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Change is a constant in Washington—at all levels of our federal government. And that change, whether directed at philanthropy or not, has the power to shape how and when donors give to charity.
Unrealized Foreign Earnings
Beginning with the top of Washington’s food chain, the U.S. Supreme Court (SCOTUS) is garnering plenty of attention this term because of a high profile tax case on its docket, Moore v. United States,1 which has expensive consequences and centers around whether unrealized earnings can be taxed. One side claims that if the taxpayers win, “[t]he federal income tax could become largely voluntary for multinational corporations and sophisticated investors, and mandatory only for everyday Americans.”2 Another viewpoint is th...
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