[ad_1] inflation reduction act (IRA) included a new 1 percent stock buyback excise duty on U.S. publicly traded corporations approved by Congress last week. Many of these companies now spend their excess cash repurchasing stock from their shareholders instead of paying dividends or investing more in their firms. The new tax would discourage stock repurchases and encourage dividend payments. As a result, it would increase US tax receipts from foreign investors, which Americans do not pay capital gains tax when they sell stock but dividends are taxed. they receive. From…
Tag: buyback
Bajaj Auto News: Bajaj Auto gets sales rating post share buyback announcement
[ad_1] After the announcement of share buyback, Bajaj Auto Stock Received a rating cut from ‘Buy’ to ‘Sell’ from Broking. On the other hand, foreign brokerage City Citi maintained its ‘Sell’ rating on the stock. To be sure, out of 46 analysts’ recommendations over the counter, 30 are still buy calls, another 13 suggest a hold over the counter and Reliance Securities’ downgrade comes mainly on account of a possible slowdown in export business. On Tuesday, the stock gained 0.46 per cent to Rs 3880 per piece. On share buybacks,…