A proposed section in the U.S. House of Representatives version of the One Big Beautiful Bill (OBBB) would impose a 3.5 percent excise tax on a remittance of money. This proposal has wide-ranging ...
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Ignore the 2026 1% IRS excise tax on cash moves and you could go broke
The new 1% federal excise tax on certain cash and money transfers starting in 2026 is not a nuisance fee you can shrug off.
A provision imposing a 1% excise tax on corporate stock buybacks in this year's Inflation Reduction Act is likely to have an impact on the use of special purpose acquisition companies as a way of ...
Starting January 1, excise duties on tobacco and alcohol will increase, followed in the spring by hikes in excise rates on gasoline, diesel fuel, heating oils and electricity. Starting next year, ...
This interim guidance may be relied upon until regulations addressing the provision are issued. It is expected that the regulations will closely follow the definitions and rules in the notice. The ...
New York may lead the charge on implementation of data excise taxes (i.e., “data mining taxes”) which will impose taxes on businesses that collect personal data. These data excise taxes primarily ...
USA flag and contemporary glass architecture of Financial District, New York City, USA. Eric Solomon of Steptoe & Johnson LLP discusses the new excise tax on corporate stock buybacks and examines the ...
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