Eric Solomon of Steptoe & Johnson LLP discusses the new excise tax on corporate stock buybacks and examines the issues that the IRS and Treasury will need to tackle before its implementation.

Listen to our other episodes on the tax-related provisions in the Inflation Reduction Act:

• U.S. Tax Provisions Driving the Fight Against Climate Change
• $80 Billion in New Funding: What’s Next for the IRS?
• Analyzing the Corporate Alternative Minimum Tax

For additional coverage, read these articles in Tax Notes:

• IRS Officials Turn Attention and Increased Resources to IRA 
• Lawmakers Indefinite on SPAC Buyback Tax Relief
• New Trouble Ahead for SPACs: The Stock Buyback Tax
• Buyback Tax May Alter Equity Compensation and Retirement Plans

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• Chandra Wallace: @ChandraSWallace
• David Stewart: @TaxStew
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This episode is sponsored by SafeSend. For more information, visit safesend.com.

This episode is sponsored by 360 Coverage Pros. For more information, visit 360coveragepros.com/taxnotes.

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner and Audio Engineer: Jordan Parrish
Guest Relations: Alexis Hart