Photo: President Joe Biden U.S. President Joe Biden speaks during an event in the Rose Garden of the White House on September 28, 2022.

A new tax created by Democrats to slow the record pace of stock buybacks has been largely shrugged off by corporations, which see the 1 percent excise levy as a minor cost of doing business.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.