Microsoft Plans to Buy Back Up to $60 Billion in Stock

(Bloomberg) — Microsoft Corp., the world’s largest software maker, announced its largest ever stock-repurchase program of as much as $60 billion, at a time when U.S. lawmakers are considering a tax on buybacks.The company’s recent resurgence has given it a market value north of $2.2 trillion, making it the second-most valuable publicly traded company after a 35% rise in its shares over 2021. Its previous buyback plan, unveiled in September 2019, was for $40 billion.Microsoft’s latest purchase scheme comes after two senior Democratic senators proposed a 2% tax on corporate stock buybacks as part of a bid to help fund a $3.5 trillion U.S. budget bill.The potential tax, announced on Friday, was released by Senate Finance Committee Chairman Ron Wyden of Oregon and Senate Banking …

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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