The Virtues of Stock Buybacks
Through and
A 1% tax on share buybacks is set to go into effect as part of the anti-inflation bill just passed by the Senate. This is a victory for critics of buybacks, including many Senate Democrats, who have long argued that buybacks are overkill.
But these critics are dead wrong. If anything, American companies should buy back more shares. Taxing buybacks will increase corporate bloating, lead to higher CEO salaries, hurt employees and reduce innovation in the economy.
https://www.wsj.com/articles/the-virtues-of-stock-buybacks-inflation-reduction-act-taxes-repurchasing-capital-income-shareholders-firms-11660077348 The Virtues of Stock Buybacks
