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4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta's entire market value
(markets.businessinsider.com)
this post was submitted on 30 Aug 2023
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Because buybacks are already taxed at the normal capital gains tax rate. Targeting stock buybacks is stupid. Just say you want to increase corporate taxes overall. Easier and more effective at raising money.
It's the same thing.
It's not because they announce it way ahead of time. Manipulation would be Apple buying a bunch of stock right before they announce the new iPhone, then selling after the announcement. That's very illegal.
Giving money to existing shareholders is completely legal (as long as you give it equally per share) because it's the shareholders' money. They own the company.