09 Apr 2024
You Can’t Afford to Miss This Guidance on the New Stock Buyback Excise Tax
The Inflation Reduction Act of 2022 contained many tax code reforms and changes, but few have received as much attention from the corporate world as a new 1% excise tax on stock buybacks and share redemptions by covered corporations. What is a “covered corporation,” and what kinds of transactions are ''economically similar” to buybacks and redemptions? Find out with this new practice note!
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