Should Lawmakers Raise the Stock Buyback Excise Tax?

Should Lawmakers Raise the Stock Buyback Excise Tax?

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade. Republican lawmakers now face a budgetary challenge. They want to extend the expiring provisions of the Tax Cuts and Jobs Act (TCJA) without greatly increasing the budget deficit. Some have floated the idea of raising the stock buyback excise tax. …

UBS capital mystery raises thorny buyback dilemma

In June Switzerland should signal whether the bank must hold $25 bln more equity, though a final law may take years. In the meantime, UBS has to decide whether to hoard capital and calm politicians, or buy back more shares to soothe shareholders. It may end up pleasing neither.