Cohn: It's fine if companies buy back stock with repatriated cash# Stock
E*r
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“We’re not going to put conditions on it,” Cohn told Yahoo Finance. “We
need to get the money back into the United States. There’s trillions of
dollars offshore.”
Cohn said he’s okay with companies using the money as they wish.
“If they buy back stock, okay so they buy back stock,” he said. “That
means the government collects a tax on the capital gains or the ordinary
income from whoever they buyback stock from. Let’s call it 23.6%. The
government gets 23.6%.”
In addition to providing tax revenue, Cohn said he believed investors would
take that cash and put it back to work.
“That person has that capital. What are they going to do? They’re going to
reinvest it back into the economy,” he said. “That money is money that’s
been in the economy, it’s going to be reinvested in the economy. And we’
re going to have a double tax event: We’re going to have a tax event on the
repatriation and a tax event when they buy back shares or they issue a
dividend. It’s exactly what we’re fine with because the government’s
going to get money and we’re going and we’re going to see capital
reinvested back in the system.”
http://finance.yahoo.com/news/gary-cohn-wont-put-conditions-repatriated-cash-fine-stock-buybacks-200504184.html
有了这buy back的预期，看来大盘的涨势至少今年年内停不下来。
内年bullish的另一个原因，是因为市场普遍预期税改明年才能过：
既然明年capital gain少征税，今年当然谁卖谁傻……
从这个角度考虑，我估计明年一月卖压比较重。
need to get the money back into the United States. There’s trillions of
dollars offshore.”
Cohn said he’s okay with companies using the money as they wish.
“If they buy back stock, okay so they buy back stock,” he said. “That
means the government collects a tax on the capital gains or the ordinary
income from whoever they buyback stock from. Let’s call it 23.6%. The
government gets 23.6%.”
In addition to providing tax revenue, Cohn said he believed investors would
take that cash and put it back to work.
“That person has that capital. What are they going to do? They’re going to
reinvest it back into the economy,” he said. “That money is money that’s
been in the economy, it’s going to be reinvested in the economy. And we’
re going to have a double tax event: We’re going to have a tax event on the
repatriation and a tax event when they buy back shares or they issue a
dividend. It’s exactly what we’re fine with because the government’s
going to get money and we’re going and we’re going to see capital
reinvested back in the system.”
http://finance.yahoo.com/news/gary-cohn-wont-put-conditions-repatriated-cash-fine-stock-buybacks-200504184.html
有了这buy back的预期，看来大盘的涨势至少今年年内停不下来。
内年bullish的另一个原因，是因为市场普遍预期税改明年才能过：
既然明年capital gain少征税，今年当然谁卖谁傻……
从这个角度考虑，我估计明年一月卖压比较重。