Earlier this week, the President signed into law the historic Inflation Reduction Act. Along with important provisions regarding climate and healthcare, the IRA contains several significant tax provisions, including a 15% alternative minimum tax for corporations and a 1% excise tax on corporate stock buybacks. Want more information? Read this Cooley Alert, Tax Implications of the Inflation Reduction Act, from our terrific Cooley Tax Department.
- Posted in: Accounting and Auditing, Corporate law
- Tagged in: corporate alternative minimum tax, Inflation Reduction Act, stock buybacks
