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Why Biden's 4% buyback tax could boost stock prices and dividends

Por: MarketWatch Politics February 08, 2023

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Even more alarms went off after President Joe Biden telegraphed his intent to , to 4%. Read: While this proposal is considered dead on arrival on Capitol Hill, the focus on possibly increasing this tax from 1% reduces the likelihood that it will be eliminated anytime soon.Tax applies to net repurchases Yet stock-market bulls shouldn’t worry. One reason is that the new excise tax — whether 1% or 4% — is applied to net buybacks —... + full article



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