Press Releases, Report

Analysis: Corporations Poised to Dodge $15M in New Stock Buyback Taxes Through ASR Loophole

Economic Security and Corporate Power
October 17, 2022

A new analysis from watchdog Accountable.US found that five publicly-traded companies have already announced nearly $1.5 billion in accelerated share repurchase (ASR) programs —potentially avoiding the roughly $15 million they would owe under the Inflation Reduction Act’s new 1% stock buyback tax—after spending $2.5 billion on buybacks.

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