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Limit Stock Buyback Tax's Rules, Groups Tell IRS

By Kat Lucero ( March 24, 2023, 7:10 PM EDT) -- A set of rules designed to prevent U.S. companies with foreign affiliates from circumventing the new excise tax on stock repurchases should be narrowly defined as to not disrupt routine intercompany transactions, stakeholders and attorneys told the Internal Revenue Service....

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