What a tax on stock buybacks would, and wouldn't, mean for the bull market

, with the biggest share repurchase program of all, and a customer of Taiwan Semiconductor Manufacturing Company, which has started construction on a $12 billion plant in Arizona.

"Taxes can be effective in this area but at far greater rates than the current proposal. Many companies will view the flexibility that buybacks provides as well worth the cost," He said. There is one definition of the purpose of an excise tax under which Lazonick says it makes sense to include buybacks. Excise taxes are often designed to deter activity which society deems harmful, such as tobacco. "If you treat buybacks as toxic to the economy, which I think lots of Democrats think they are, maybe they want to treat them like cigarettes. ... you can make that tax almost prohibitive, and that is one extreme if you're not going to ban them.

"They got to do something," Lazonick said. "Maybe they said, 'here's this inconsequential tax.' ... Certainly, I think Biden knows better." There may be another reason Brown didn't go further in his proposal. Washington D.C. being Washington, D.C., there is the chance that nothing happens at all with buybacks, and that is actually the bet Clifton is most inclined to make.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens FridayU.S. stock futures and bond yields rose Friday morning ahead of the government's September employment report.
Source: CNBC - 🏆 12. / 72 Read more »

European markets set to bounce back at the open in rollercoaster week for stocksEuropean stocks are expected to bounce back on Thursday, opening higher and continuing a week that has seen wild swings in global market sentiment and trading. this is terrible news
Source: CNBC - 🏆 12. / 72 Read more »

In today’s stock market, small-caps are punching up as large-caps have lagged behindFund manager Timothy Skiendzielewski says small-cap stocks are cheaper and smaller companies are posting faster profit growth.
Source: MarketWatch - 🏆 3. / 97 Read more »

‘I don’t think there’s a lot of upside from here,’ says stock-market legend, but U.S. stocks could rise in 2022 if earnings are goodIt seems like the bulls are back in charge on Wall Street, but legendary investor Byron Wien says that buyers shouldn't get too euphoric. Lots of upside in Gold :) Warren Buffett admitted it was a mistake to sell $AAPL at $120, so why not buy it at $140? 🙃 He goes on to say, and I quote, “which is why everyone should buy $SHIB immediately.”
Source: MarketWatch - 🏆 3. / 97 Read more »