The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”).[1] ...
THE House of Representatives on Wednesday adopted the Senate version of a bill granting President Ferdinand Marcos Jr. the ...
With the extended 990-PF filing deadline approaching for private foundations on a calendar year accounting period, foundation leaders should ensure that they have paid the 1.39% net investment income ...
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By how much could pump prices drop if excise taxes are suspended?
Pump prices could post a significant decline should President Ferdinand “Bongbong” Marcos Jr. secure emergency powers to suspend excise taxes on fuel, but any price drop will depend on whether he opts ...
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