More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

A proposed section in the U.S. House of Representatives version of the One Big Beautiful Bill (OBBB) would impose a 3.5 percent excise tax on a remittance of money. This proposal has wide-ranging ...

From February 1, India will impose additional excise duty on tobacco and a health cess on pan masala, replacing compensation cess, leading to sharp declines in tobacco company stocks.

The Internal Revenue Service (IRS) and U.S. Treasury Department have issued final regulations (T.D. 10037) (Final Regulations) under Section 4501 of the Code (the Excise Tax) that withdraw the ...