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Companies facing first tax on stock buybacks in Biden bill - New Delhi Times - India Only International Newspaper

Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill President Joe Biden is scheduled to sign into law Tuesday, companies will face a new 1%…
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Companies Facing 1st Tax on Stock Buybacks in Biden Bill

WASHINGTON — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill President Joe Biden is scheduled to sign
United States Steven Rosenthal Elizabeth Warren Joe Biden Bernie Sanders Senate Majority Leader Chuck Schumer

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