The IRS has published a Treasury Decision on corrections to final regulations regarding the excise tax on repurchases of corporate stock made after Dec. 31, 2022. The corrections revise § ...

A provision imposing a 1% excise tax on corporate stock buybacks in this year's Inflation Reduction Act is likely to have an impact on the use of special purpose acquisition companies as a way of ...

This interim guidance may be relied upon until regulations addressing the provision are issued. It is expected that the regulations will closely follow the definitions and rules in the notice. The ...

USA flag and contemporary glass architecture of Financial District, New York City, USA. Eric Solomon of Steptoe & Johnson LLP discusses the new excise tax on corporate stock buybacks and examines the ...

The IRS has provided data on federal Superfund excise taxes, which started hitting hit resin buyers' invoices July 1. The net result for many plastics processors likely will be higher prices — close ...