Shares: Taxation
Commons · Question 3396 · Tabled 30 Aug 2024 · Treasury · Official record
Answered 9 Sep 2024
Question
Asked by Manuela Perteghella
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
Answered by James Murray, 9 Sep 2024
Share 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 ...