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Buybacks are a tax dodge. Nothing else. Dividends are the proper way to pay out excess cash the enterprise generates. Society decided how much to tax such di
by phil21 3y ago
Buybacks are a tax dodge. Nothing else. Dividends are the proper way to pay out excess cash the enterprise generates. Society decided how much to tax such distributions, and a certain class of people didn't like paying even that laughably small share.
Buybacks were justified by a whole lot of things that simply are outright lies. Take away the tax benefit and you'd see them go away overnight.
- mypastself 3y agoDiscussions on the morality of buybacks are unrelated to the question of whether or not Apple’s ratio of R&D to buybacks (and dividends, which are also referenced in the filing) indicates lack of confidence in the company’s prospects.