Bloomberg News quoted Partner Jeffrey Winkleman, partner-in-charge of Corporate Tax Compliance and Planning, about Senator Marco Rubio’s proposed plan for taxing corporate stock buy-backs.
By Laura Davison
But Rubio’s plan isn’t enough to turn corporations off from buybacks, one of the favorite ways to spend extra cash, said Jeffrey Winkleman, partner-in-charge of corporate taxation at accounting firm Marcum. “It’s not like all of a sudden there will be no buybacks or dividends,” he said. If Rubio’s plan became law “you might have some companies thinking twice, but you’re not going to see it stop.”