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Commentary: US recession risk poses bigger threat to S&P 500 earnings than taxes in Inflation Reduction Act; legislation's 1% tax on share buybacks combined with minimum 15% corporate tax estimated to lower 2023 earnings of S&P 500 by about 1%-1.5%/share

Inflation Reduction Act, signed by President Biden on Aug. 16, imposes a 15% minimum tax on corporations that earn more than US$1B in annual profits

Just-passed US legislation addressing climate change and health care includes the creation of a 1% excise tax on company stock buybacks; companies will effectively pay a penalty for a maneuver long used to return cash to investors, bolster stock prices

Ecopetrol proposes to reduce proposed tax on crude oil exports

Colombian government's soda tax 'is not to raise money' but rather to stop people from drinking so much soda, says President Gustavo Petro

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