A tax on share buybacks will hit the oil and gas sector. Was that the whole point?

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https://i.cbc.ca/1.5636973.1622120679!/fileImage/httpImage/image.jpeg_gen/derivatives/16x9_460/blood-tribe-oil.jpeg This week Ottawa announced its plans to introduce a tax on share buybacks, as oil and gas companies have yet again reported windfall profits and additional share buybacks. They reward existing investors, but also tie up cash that could be used to grow a business, or, in the case of oil and gas companies, pay for climate mitigation measures.


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