Interim Guidance on Stock Buyback Excise Tax Confirms Broad Application to M&A and Capital Market Transactions
Cooley M&A
JANUARY 19, 2023
The Excise Tax generally applies to the fair market value of stock repurchased in a taxable year, net of the fair market value of stock issued in the same taxable year, with certain modifications. For stock exchanged or issued in an M&A transaction, this generally will be the “closing date.”
52 
Let's personalize your content