The U.S. Congressional Research Services (CRS) has published a report dated 25 January 2023 on the new 1% corporate stock repurchase excise tax introduced by the Inflation Reduction Act of 2022. The report provides an explanation of stock repurchases, the application of the 1% tax, economic issues relating to a tax on stock repurchases, and regulatory issues. The report summary is as follows: --- The 1% Excise Tax on Stock Repurchases (Buybacks) The law commonly known as the Inflation Reduction Act of 2022 (P.L. 117-169) includes a 1% excise tax on stock repurchases by publicly traded corporations. Stock repurchases are...