See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

New corporate stock buyback tax poised to take effect in 2023: What to know

Posted on AllSides December 26th, 2022
From The Right
Brandon Bell/Getty Images

A new corporate tax on stock buybacks that is poised to take effect in January could cost U.S. companies billions of dollars.

The 1% levy on stock repurchases, which will apply to only publicly traded companies, was passed by Democrats earlier this year as part of a sweeping health care and climate spending package. The tax is estimated to raise about $74 billion over the next decade.

Democrats have said the 1% fee is designed to slow companies' tendency to buy back their own stock from investors with the tax.


Read full story

AllSides Picks

More News about Taxes from the Left, Center and Right

From the Left

From the Center

From the Right