Post by
dandu1924 on Nov 02, 2022 8:06pm
Buyback taxes
Tomorrow, the Justin Trudope Gov via the Freeland are planning to taxe the buyback shares of the oil companies. Not so good for the oil companies. This is explain the down about the Canadian oil companies?
Comment by
Snowballer on Nov 02, 2022 8:10pm
https://www.timescolonist.com/national-news/liberals-to-propose-corporate-stock-buyback-tax-in-fall-economic-statement-source-6043365
Comment by
BayStreetWolfTO on Nov 02, 2022 8:18pm
Dandu, all this would do is have companies divert shareholder returns to dividends. Now sure liberals could target dividends...but LOTS of senior rely on dividend money...it would mean taxing all dividends...banks etc etc You want to lose all those invested in dividend income vehicles good luck lol I'm easy...if Baytex switched in 2023 to 50% FCF to dividends instead sign me up LOL....
Comment by
BayStreetWolfTO on Nov 02, 2022 8:31pm
Do note the many pensions hold dividend funds....government, private etc I believe the CPP alone makes 11 billion /year in dividends...think of everyone who holds banks. Just sky is falling Liberal talk....they are out of options...the only option was investment.
Comment by
Chrisinvan7 on Nov 03, 2022 1:31am
Too bad they dont have a shot for dementia.
Comment by
Moemoney42 on Nov 03, 2022 10:40am
Sounds to me like its being considered at the Lieberal top idiots offices.. this freakin gov't has to get replaced... and fast, before we're all in the poor house..!!
Comment by
Chrisinvan7 on Nov 03, 2022 11:23am
Voters are stupid and will always vote for santa claus, thats the problem with democracy and one of the reasons the US is in decline. The founders gave them a republic, but they couldn't keep it..