Corporate giants like Apple could get massive refunds if the court strikes down the Mandatory Repatriation Tax.
Data: ITEP; Chart: Axios Visuals
A court case on this term's Supreme Court docket could end up granting 400 of America's largest corporations some $271 billion in tax relief, per newThe argument being made by the plaintiffs, an American family with minority shares in an Indian farming firm, is that taxing multiple years of accrued income is unconstitutional.
If the Supreme Court agrees and strikes down the Mandatory Repatriation Tax, that could mean Apple alone would be refunded more than $37 billion that it paid between 2017 and 2022.
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