3 ms·
Don't all the smart companies avoid making any profit at all, since profit is taxed (but share buybacks are not)?
by alasdair_ 5y ago
Don't all the smart companies avoid making any profit at all, since profit is taxed (but share buybacks are not)?
- onlyrealcuzzo 5y agoYou have to buy your shares with FCF (usually profit) or debt. They have profits. They just aren't in the US.