De Novo Banks: Policy Issues for the 118th Congress
While the size of the banking system has grown in terms of assets, the number of banks has steadily fallen over the past four decades. For example, in the 1980s, there were more than 18,000 banks. Tod...
Supreme Court Declines to Decide Whether Sixteenth Amendment Requires “Realization” to Tax Income
On June 20, 2024, the Supreme Court decided Moore v. United States, an appeal challenging a one-time “Mandatory Repatriation Tax” (MRT) on U.S. shareholders of a foreign corporation for accumulated, b...