![United States: IRS Issues Guidance Interpreting Stock Buyback Excise Tax, With Implications For SPACs - Hughes Hubbard & Reed LLP](https://cdn.newsserve.net/ONPglobe256.png)
United States: IRS Issues Guidance Interpreting Stock Buyback Excise Tax, With Implications For SPACs - Hughes Hubbard & Reed LLP
This past August, as part of the Inflation Reduction Act, Congress enacted a 1% excise tax on stock repurchases by certain publicly traded corporations after December 31, 2022.
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