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2026-02-26 17:07:59
[Over 1,800 Companies Sue for Tax Refunds After US Supreme Court Overturns Tariffs] ⑴ Reports indicate that US President Trump's far-reaching global tariffs have collected at least $130 billion in taxes in the 10 months since they took effect. For businesses, receiving refunds may take longer. ⑵ Since the US Supreme Court overturned many of Trump's tariffs last Friday, dozens of companies have flocked to court seeking to recover taxes already paid, joining hundreds of others who filed lawsuits in anticipation of the court's ruling. ⑶ Analysis suggests that at least 1,800 companies have filed lawsuits for refunds to date, with more joining daily. ⑷ Most of these companies—including well-known names like Costco, Goodyear, and Barnes & Noble—filed their lawsuits before the Supreme Court's ruling. In the days since the ruling, more companies have joined them, including FedEx, and lawyers predict a surge in future lawsuits.
