U.S. lawmakers are proposing to raise the excise tax on stock buybacks from 1 percent to 4 percent. This proposal aims to target companies that engage in the practice of repurchasing their own shares.
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Lawmakers propose increasing excise tax on stock buybacks
U.S. lawmakers are considering a proposal to increase the excise tax on stock buybacks from 1 percent to 4 percent. This move is intended to address the financial practices of companies that buy back their own stocks.
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Democrats want to target companies that buy back their own stocks
Lawmakers propose increasing excise tax on stock buybacks