Stock buybacks have surged in the weeks since Washington beg…

Stock buybacks have surged in the weeks since Washington beg…

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A new excise tax on stock buybacks went into effect Jan. 1 and has been followed by what seems to be an unexpected development: corporate share repurchase announcements have exploded. Buyback announcements this year are more than double last year’s pace, according to TrimTabs Investment Research.…

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