Podcast•Apr 9, 2026•11 min
Your M&A Guide: Decoding the 1% Stock Buyback Excise Tax
In this episode, Deloitte tax specialists Ben Handler and Sandra Lopez explain the final IRS/Treasury regulations that revise the 1% excise tax on stock buybacks introduced by the Inflation Reduction Act. They detail how the new rules exempt take‑private transactions, clarify which preferred stock classes remain taxable, and remove the broad “funding” test that previously constrained foreign‑parented M&A deals. The guests emphasize that, while the regulations provide greater flexibility, the excise tax still requires careful due diligence for publicly traded targets.
