![United States: Interim Guidance On Stock Buyback Excise Tax Confirms Broad Application To M&A And Capital Market Transactions - Cooley LLP](https://cdn.newsserve.net/ONPglobe256.png)
United States: Interim Guidance On Stock Buyback Excise Tax Confirms Broad Application To M&A And Capital Market Transactions - Cooley LLP
The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations ("Covered Corporations") effected after December 31, 2022 (the "Excise Tax").
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