Why hike in share buyback tax announced in the Budget hurts investors

Why hike in share buyback tax announced in the Budget hurts investors

Companies reward shareholders by way of dividend payment or share buybacks. Both are done from tax-paid reserves and company profits. Such payments not only reward shareholders, but are also used as tools of wealth distribution and efficient allocation of capital. For example, a company that’s in a mature businessmay not find viable opportunities to deploy … Read more