U.S. markets open in 6 hours 9 minutes
  • S&P Futures

    3,694.00
    -38.00 (-1.02%)
     
  • Dow Futures

    29,475.00
    -275.00 (-0.92%)
     
  • Nasdaq Futures

    11,408.50
    -147.25 (-1.27%)
     
  • Russell 2000 Futures

    1,701.00
    -19.80 (-1.15%)
     
  • Crude Oil

    81.03
    -1.12 (-1.36%)
     
  • Gold

    1,654.00
    -16.00 (-0.96%)
     
  • Silver

    18.63
    -0.25 (-1.32%)
     
  • EUR/USD

    0.9667
    -0.0072 (-0.74%)
     
  • 10-Yr Bond

    3.7050
    0.0000 (0.00%)
     
  • Vix

    30.18
    -2.42 (-7.42%)
     
  • GBP/USD

    1.0786
    -0.0099 (-0.91%)
     
  • USD/JPY

    144.7260
    +0.6040 (+0.42%)
     
  • BTC-USD

    19,348.74
    +642.00 (+3.43%)
     
  • CMC Crypto 200

    441.37
    +12.59 (+2.94%)
     
  • FTSE 100

    6,934.59
    -70.80 (-1.01%)
     
  • Nikkei 225

    26,422.05
    +248.07 (+0.95%)
     

Mark Cuban Says Buyback Levy Is Top of ‘Bad Taxes’ List

·1 min read

(Bloomberg) -- Billionaire investor Mark Cuban, owner of the Dallas Mavericks basketball team, said that while buybacks are “everything wrong with what companies do,” the decision to place a levy on them is the top of the list of bad taxes.

Most Read from Bloomberg

Cuban -- with a net worth of $5.9 billion, according to the Bloomberg Billionaires Index -- made the comments on Twitter late Wednesday after the US Senate last week agreed to a 1% excise levy on share buybacks as part of a tax and climate package. The bill is expected to head to the House later this week.

Most Read from Bloomberg Businessweek

©2022 Bloomberg L.P.