Month: January 2023
Interim Guidance on Stock Buyback Excise Tax Confirms Broad Application to M&A and Capital Market Transactions
The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations ( “œCovered Corporations “) effected after December 31, 2022 (the “œExcise Tax “).[1] On December 27, 2022, the Department of the Treasury ( “œTreasury “) and the IRS issued Notice 2023-2 […]
The Forecast for Capital Markets
Cooley partner and co-founder of the firm’s Chicago office Christina Roupas was a featured speaker in the final installment of Axios’ Dealmarkers series. In a “œView From the Top ” segment, Roupas spoke with Fabricio Drumond, chief business officer at Axios, about what’s expected for the capital markets in 2023 […]