Arnold Ventures Reacts to SCOTUS Ruling in Moore v. U.S.

WASHINGTON D.C. (Jun. 20, 2024) – George Callas, executive vice president of public finance at Arnold Ventures, provided the following reaction to today’s Supreme Court decision in Moore v. U.S.:

“Today’s ruling confirms the basic, long-standing tenet of American tax law that Congress may tax the owners on the earnings and profits realized by a business. With this decision, we can continue the work of reforming our tax code to plug loopholes and reduce tax avoidance by wealthy individuals and multinational corporations, while also encouraging investment, job creation, and economic growth.” 

Prior to joining Arnold Ventures, Callas served as senior tax counsel to then-Speaker of the House Paul Ryan and played a key role in drafting the international tax provision challenged by the Moore plaintiffs. Callas and University of Florida Levin College of Law Professor Mindy Herzfeld submitted an amicus brief to the court supporting the government in Moore v. U.S. The Court echoed reasoning in Callas and Herzfeld’s brief, including an argument around the legislative history of the definition of control over multinational corporations. 

###

Arnold Ventures is a philanthropy that supports research to understand the root causes of America’s most persistent and pressing problems, as well as evidence-based solutions to address them. By focusing on systemic change, AV is working to improve the lives of American families, strengthen their communities, and promote their economic opportunity. Since Laura and John Arnold launched their foundation in 2008, the philanthropy has expanded, and Arnold Ventures’ focus areas include education, criminal justice, health, infrastructure, and public finance, advocating for bipartisan policy reforms that will lead to lasting, scalable change. As signatories of the Giving Pledge, the Arnolds have committed to giving away most of their wealth during their lives.

Media Inquiries
If you are a member of the media, contact us via email at media@​arnoldventures.​org. Please include your name, media outlet affiliation, contact information, questions, and deadline.