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Mark Cuban says a tax on stock buybacks 'is a good idea' as repurchases reward investors for selling a company's shares

1 month ago   |   By Business Insider

John Lamparski/Getty Images
Mark Cuban believes that a provision of the Democrats' spending bill taxing buy backs is a good idea.
The billionaire investor told Squawk Box that buybacks are no longer as tax rewarding as in the past.
Cuban added that buying back shares rewards investors for "leaving and selling."
Mark Cuban thinks that a provision in the Democrats' spending bill that would tax stock buybacks is a good idea, as repurchases of stocks essentially reward investors for walking away from the stock. Buybacks, Cuban told CNBC's Squawk Box, act as a reward for "leaving and selling...
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