For this week's discussion post, please educate yourself on the new excise tax that will be imposed, based on the passoge of the Inflation Reduction Act. on stock repurchase transactions of many major U.S. companies. An excise tax is a fat percentage tax imposed on a specific transaction (e.g. the tax imposed on the cost of a plane ticket is another example if an excise tax). The video below has an excellent summary of the new excise tax, In your discussion post(is), please provide a comment on one or more of the following questions: - What types of companies (or provide an example of a specific company) do you think would be significantly affected by the new excise tax? Based on a companys most recent Form 10-K filing. What is your best estimate of the impact of the quantitative impact of the tax, if the company were to continue to execute share repurchases at a similar level to prior years? - Do you think it is ethical/"right' for the U.S. Congress do impose restrictions on what U.S. corporations can do with their capital? - Would you expect that the excise tax will stay equal to 18 , or could you envision the U.S. Congress raising the tax percentage in the future? - Comment on anything else with respect to the inflations Act's expected influence on share repurchase activity. Perhaps you have read about this new tax from outside sources, or discussed it in another ciass, and you can share unique facts about the expectations regarding the new tax: For this week's discussion post, please educate yourself on the new excise tax that will be imposed, based on the passoge of the Inflation Reduction Act. on stock repurchase transactions of many major U.S. companies. An excise tax is a fat percentage tax imposed on a specific transaction (e.g. the tax imposed on the cost of a plane ticket is another example if an excise tax). The video below has an excellent summary of the new excise tax, In your discussion post(is), please provide a comment on one or more of the following questions: - What types of companies (or provide an example of a specific company) do you think would be significantly affected by the new excise tax? Based on a companys most recent Form 10-K filing. What is your best estimate of the impact of the quantitative impact of the tax, if the company were to continue to execute share repurchases at a similar level to prior years? - Do you think it is ethical/"right' for the U.S. Congress do impose restrictions on what U.S. corporations can do with their capital? - Would you expect that the excise tax will stay equal to 18 , or could you envision the U.S. Congress raising the tax percentage in the future? - Comment on anything else with respect to the inflations Act's expected influence on share repurchase activity. Perhaps you have read about this new tax from outside sources, or discussed it in another ciass, and you can share unique facts about the expectations regarding the new tax
