Journal of Accountancy

New regs. reshape 1% stock buyback tax, drop funding rule

The IRS published final regulations that scrap the proposed funding rule and ease compliance for M&A deals, preferred stock, and netting provisions.
JD Supra

Treasury and IRS Issue Final Regulations on the Stock Repurchase Excise Tax: Key Changes for M&A and Foreign Affiliates

The IRS and Treasury have issued final regulations (TD 10037) that eliminate stock repurchase excise tax exposure for M&A transactions, ...
JD Supra

IRS Withdraws Controversial "Funding Rule" for Stock Buyback Excise Tax

The Internal Revenue Service (IRS) and U.S. Treasury Department have issued final regulations (T.D. 10037) (Final Regulations ...

As Centre moves to revamp tobacco taxation, states to benefit from excise duty hike

Two new Bills in the Lok Sabha aim to maintain overall tax incidence, fund public health, and curb evasion in pan masala ...