Post by
Coolson on Feb 08, 2023 11:13am
Biden proposed tax on buybacks
Do you have any ideas how Canadian oil industry could be affected if 4% Tax on buybacks kick in in USA. Looks like all markets are Connected and Justin is always following what older people do..
Comment by
TheBridge on Feb 08, 2023 12:15pm
We have our own tax on buybacks starting in 2024 and the consensus opinion is that it means that the shareholder is going to see that money moving into the dividend area.
Comment by
Mrlongpants on Feb 08, 2023 12:37pm
It also means CPG & other companies have a year to buyback :)