COVERAGE
More Fun with Extraterritorial Taxes: Application of U.S. Stock Buyback Excise Tax to Foreign-Based Groups
May 8, 2023
Read time: 2 min
David Noren authors this article in Bloomberg Tax Management International Journal. The article looks into a new Code §4501, imposing a nondeductible 1% excise tax on repurchases by publicly traded and certain other corporations of their own stock, more colloquially referred to as ‘‘stock buybacks.’’
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