Shares: Taxation
Commons · Question 3397 · Tabled 30 Aug 2024 · Treasury · Official record
Answered 9 Sep 2024
Question
Asked by Manuela Perteghella
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of implementing a share buyback tax.
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 ...