corporate control

Where do Canada’s soaring corporate profits go? Not ‘back into the country’ ⋆ The Breach

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Where do Canada’s soaring corporate profits go? Not ‘back into the country’ ⋆ The Breach

Loblaw chairman Galen Weston Jr, the creaseless face of inherited Canadian wealth, smiled serenely at parliamentarians as he explained why, when it came to rising food prices, his company was blameless. Speaking to an agri-food committee in the spring of 2023, he told them that Loblaw’s profit “goes back into the country.” “The profit we … Read more

IRS Issues Proposed Regulations On The New Company Stock Buyback Tax

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IRS Issues Proposed Regulations On The New Company Stock Buyback Tax

Fact: The IRS issued proposed regulations on April 9, 2024, that would impact publicly traded domestic corporations and certain publicly traded foreign corporations that repurchase their stock or whose stock is acquired by certain affiliates.