Rice University: Stock Buyback Taxes Could Do More Harm Than Good, Argue Baker Institute Experts
May 26, 2023
May 26, 2023
HOUSTON, Texas, May 26 (TNSres) -- Rice University issued the following news release:
The idea that stock buybacks are a manipulation by executives to benefit themselves at the expense of shareholders may be true for a small number of firms but not the vast majority, therefore implementing buyback taxes in an attempt to curb such profits are no replacement for broader tax reform, according to a new report from Rice University's Baker Institute for Public Policy.
In his . . .
The idea that stock buybacks are a manipulation by executives to benefit themselves at the expense of shareholders may be true for a small number of firms but not the vast majority, therefore implementing buyback taxes in an attempt to curb such profits are no replacement for broader tax reform, according to a new report from Rice University's Baker Institute for Public Policy.
In his . . .