They hoard cash, buy back their firms' shares and reinforce their positions by merging with former rivals.

他们通过储备现金，回购自家公司股份以及与竞争对手合并来巩固公司的市场地位。

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Companies have always been able to circumvent the tax on dividends by using their cash to buy back their own shares.

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To offset the dilution occasioned by the option handouts, the issuer can, of course, use corporate cash to buy shares in the open market.

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