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August 18, 2022

Tuesday, August 30 | The new stock buyback excise tax and its M&A implications (2 pm ET)

The Inflation Reduction Act of 2022 adds a new 1% excise tax to stock repurchases made by publicly traded corporations, generally applicable to repurchases made after December 31, 2022. This new tax may add additional costs to stock repurchases and new compliance obligations to the tax departments of publicly traded companies. But new IRC Section 4501 may also have broader effects, potentially affecting a wide variety of common M&A activity.

Please join us as we discuss our initial impressions of the excise tax, including what we know and don't know, as well as steps that companies might take to prepare for its application.

The following topics will be discussed:

  • An overview of key provisions of the excise tax, including the companies to which it may apply
  • A review of common transaction scenarios to which the excise tax may apply
  • A review of other transaction scenarios which may or may not implicate the excise tax

Date: Tuesday, August 30, 2022

Time: 2:00-3:00 p.m. ET New York; 11:00 a.m.-12:00 p.m. PT Los Angeles

Registration: View archive here.


Don Bakke, Principal, National Tax M&A, International Tax and Transaction Services, Ernst & Young LLP

Shane Kiggen, Principal, National Tax M&A, International Tax and Transaction Services, Ernst & Young LLP

Rachael Walker, Principal, National Tax Compensation & Benefits, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on actual duration. Recommended field of study: Taxes. Learning objectives: Identify the elements of the Inflation Reduction Act's 1% excise tax; recognize how and when it applies to stock repurchases; recognize the common types of transactions that might be affected by the new tax. This intermediate-level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by the NTD Tax Knowledge Services Group, Washington, DC: Lynn Fairfax | and Barbara Kirchheimer |

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