Written Question·Treasury·UIN 3396
Shares: Taxation
Tabled: 30 August 2024
Answered: 9 September 2024
Question
Manuela Perteghella
Liberal Democrat — Stratford-on-Avon
To ask the Chancellor of the Exchequer, whether she has made an assessment of (a) the impact of share buybacks on economic inequality and (b) the potential impact of a targeted tax on this issue.
Answer
James MurrayShare buybacks are already subject to taxation in the form of Stamp Taxes on Shares (STS), which raise important revenue – up to £4.4bn per year – that helps to fund our public services. There are also rules in place to ensure that any returns that arise ...
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