A Stock Buyback Tax Is Added to the Inflation Bill. What That Means for Apple, Meta, and Microsoft.

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Updated Aug. 5, 2022 12:01 pm ET / Original Aug. 5, 2022 10:35 am ET

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Democratic party leaders struck a deal with moderate holdout vote Sen. Kyrsten Sinema, moving their climate and healthcare bill one step closer to fruition. The agreement, however, could spur key changes in corporate taxation, especially on stock buybacks.

Sinema, the Democratic senator from Arizona, said she was ready to “move forward” with the legislation, called the Inflation Reduction Act, once it has been approved by the Senate parliamentarian.

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