In this article, Avi-Yonah reviews the Build Back Better Act, which would impose a 1 percent excise tax on corporate stock buybacks. He argues that while the measure is an effective way to raise revenue from high-income taxpayers, it will not address the main tax problem with buybacks: the tax exemption for foreign shareholders, which Congress should reconsider.
Avi-Yonah, Reuven S. "A Different Way to Tax Stock Buybacks." Tax Notes International 104 (2021): 905.
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