For years we’ve been hearing that when President Donald Trump cut corporate taxes in 2017, corporations pissed away their tax savings on stock buybacks. Trump himself, in one of his rare episodes of truthfulness, admitted it. But that turns out not to be quite right. According to a new report by the public interest non-profit Americans For Tax Fairness, between 2018 and 2022 the richest Fortune 500 corporations pissed away, on average, seven times what they paid in taxes on dividends and stock buybacks. These companies spent slightly more on dividends and buybacks ($4.39 trillion) than they earned in profits in the United States ($4.36 trillion). Shareholders are looting the companies they p
Hence then, the article about trump s 2017 tax cut created a huge stock buyback spree was published today ( ) and is available onThe New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Trump’s 2017 Tax Cut Created a Huge Stock-Buyback Spree )