There’s a new 1% tax on stock buybacks — here's what it means for your portfolio - CNBC

President Joe Biden's new 1% excise tax on corporate stock buybacks adds a new levy to the controversial practice. Here's how it may affect investors.

The new 1% excise tax on corporate stock buybacks a late addition to President Joe Biden's sweeping tax, health and climate package adds a new levy to the controversial practice. But there are mixed… [+3037 chars]

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