Deepak Shenoy Urges Cash‑Rich Firms to Resume Share Buybacks

Deepak Shenoy argues that companies with excess cash should restart share buyback programmes. He notes that dividends face income‑tax rates up to 36%, while capital gains on sold shares are taxed at 12.5% long‑term and 20% short‑term. Lower tax on capital gains makes buybacks a more tax‑efficient way to return value to shareholders, potentially boosting stock prices and investor confidence.