2% share buyback tax coming in Jan 1 2024Seems to me we will see less bb activity and an increased dividend...assuming they mind paying 102% for every share they buy back and cancel...and mind keeping track of and remitting the tax...or just mind the added tax cost full stop.
....though having said thet, those keeping track saw no real increase in bb activity after the bb tax was announced...and concluded that companies were still simply basing bb decisions on whether or not it was an appropriate use of capital
(all info from G&M)