(Reuters) - Neither IBM nor the Internal Revenue Service was immediately available to comment.
The IRS announced plans to issue regulations making companies pay U.S. taxes when they buy back their stock on May 31, two days after IBM's transaction, the Journal reported. Its new regulations would treat funds used for buybacks as repatriated earnings.
Read more at Reuters.com Business News
The IRS announced plans to issue regulations making companies pay U.S. taxes when they buy back their stock on May 31, two days after IBM's transaction, the Journal reported. Its new regulations would treat funds used for buybacks as repatriated earnings.
Read more at Reuters.com Business News
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