KPMG report: Reporting and paying the stock repurchase excise tax

Type
:
Obligation
Tax Area
:
Corporate Income Tax
Status
:
Guidance
Qualification
:
Various
Implemented date
:
NA
Country
:
United States
Date added
1 Jul
,
2024
Docxster’s Summary

The article discusses the new excise tax on stock repurchases, which is part of the Tax Cuts and Jobs Act. It explains the details of the tax, including the rate and exemptions, and provides guidance for companies on how to report and pay the tax. The article also discusses potential impacts on stock repurchase strategies and considerations for companies going forward.

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Source :
KPMG
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