On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022, HR 5376 (the “Act”), into law. Among other significant changes, the Act includes a new 1% excise tax on stock repurchase transactions by certain publicly traded corporations (the “Excise Tax”)....
On August 16, 2022, the Inflation Reduction Act of 2022 (the “IRA”) was enacted into law. Among other changes to the Internal Revenue Code of 1986, as amended (the “Code”), the IRA imposes an excise tax on certain repurchases of corporate stock ...
美国于2022年8月通过了IRA(《通胀削减法案》(The Inflation Reduction Act)、下文简称“IRA”),舆论讨论的焦点主要集中于其对制造业带来的新投资,而对法案关于医药领域的变化讨论则相对有限。 但在我们看来,该法案的落地一方面延续甚至深化了奥巴马医改的部分政治遗产,另一方面打破了一些支付体系生态的既有利益分配格局,...
As if we were not in a deep winter already in market conditions, Special Purpose Acquisition Companies (SPACs) are now facing a significant new hurdle. This is because the recently enacted Inflation Reduction Act (IRA) included a 1% excise tax that could be levied on stock repu...
The main tax related changes that were implemented as part of the Inflation Reduction Act include: A 15 percent minimum tax on corporations with profits over USD1 billion for tax years beginning in 2023; A new 1 percent excise tax on corporations when the corporation repu...
The Inflation Reduction Act increases IRS funding, changes tax policy, and offers new and expanded tax credits.
Tax podcast: The Inflation Reduction Act and taxes: What should you know? Now that the Senate has approved the Inflation Reduction Act, the next stop is for the bill to pass in the House of Representatives. Tax and finance executives need to understand what made it into the new bill and ...
The Inflation Reduction Act includes a two-year extension of the excess business loss (EBL) rules under Section 461(l). The EBL rules created a limitation on the amount a noncorporate taxpayer can deduct from a pass-through entity or sole proprietorship. Under the Tax Cuts and Jobs Act, th...
On August 7, after weeks of negotiations, the Senate voted 51-50 to pass a budget reconciliation package known as the Inflation Reduction Act (the “Bill”), intr...
Public companies will generally be subject to a 1% excise tax on stock buybacks. The IRS will receive $80 billion in additional funding over the next 10 years. On August 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 (H.R. 5376) (Act), a significant...