Michael Bolotin, Cécile Beurrier, Erin Cleary, Stephen Jordan and Peter Schuur

Debevoise Discusses Treasury Guidance on Corporate Minimum Tax and Tax on Stock Buybacks

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On December 27, 2022, Treasury released Notices 2023-7 and 2023-2 (the “Notices”). The Notices provide initial guidance on the 15% corporate minimum tax on the book income of large corporations (the “CAMT”) and the non-deductible 1% excise tax on certain …