See It Market: Stock Buybacks Under Attack: Tracking Share Repurchase Events Into Year-End

See the full article on See It Market.

Excerpt:

  • The Inflation Reduction Act includes a controversial 1% excise tax on share repurchase programs that goes into effect next year
  • Wall Street Horizon’s corporate event data show a downtick in total buyback announcements this year after a 2021 surge
  • Investors must carefully weigh risks and understand what they own ahead of 2023

On August 16, President Biden signed the Inflation Reduction Act (IRA) into law. With its passage comes a new 1% excise tax on corporate net share repurchases. “The buyback tax” aims to penalize companies for engaging in this type of shareholder accretive activity.

Contact Us

Request More Info
+1 781.994.3500

Recent Content

See More

Contact Us

+1 781.994.3500

Connect with Us

© 2024 Wall Street Horizon. All Rights Reserved.