Submission
Published: 13 August 2024
BritishAmerican Business Submits Comment to US Internal Revenue Service on Stock Buyback Excise Tax
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Contact: Dominic Parker, Senior Communications and Media Manager
dparker@babinc.org | 020 7290 9882 | +44 7500 115352
BritishAmerican Business has submitted a letter to the US Internal Revenue Service (IRS) seeking clarification on regulations covering the US subsidiaries of foreign parent companies as it applies to the Stock Buyback Excise Tax provision contained in the Inflation Reduction Act (IRA).
To read our submission, click here.
About BritishAmerican Business
BritishAmerican Business is the leading transatlantic trade association incorporating the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and actions that protect and enhance the environment for transatlantic trade and investment on behalf of our members.
We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms.
We actively promote trade and investment and support those who make the transatlantic corridor part of their business growth ambition.