capital gain tax reversed?
- Future123Active Member
- Posts : 1435
Join date : 2014-04-09
Re: capital gain tax reversed?
Now they are introducing Capital gain taxes and many are in favour of this and justifying this tax.
The market further collapsed from 7000 points to less than 6000 points only for this CGT news. Still we the investors are the losers and victims.
Why on earth we didn't have such absurd taxes such as Super gain taxes and capital gain taxes even during the war times and during global financial crisis?
What is the next surprise for the investors? We didn't have all these surprises ever during worst times such as war and global financial crisis. Investors made thinking on what tax is next in the pipeline and it seems many like all these taxes
We can discuss this matter only in forums like this and now I'm demotivated as many still firmly praising the stupid policies which would potentially kill the market and criticizing members who presented valid points from the beginning.
As investors if we don't oppose these taxes who would protect us? Can we expect the opposition party Sampanthan to oppose CGT, VAT and NBT increases
Sampanthan also would vote in favour of CGT, increase in VAT and NBT.
If the government implements Capital gain taxes despite severe opposition the market will surely lose minimum 300 to 500 points. We will see significant drop in daily turnover and the government will not get even what they used to get before. Anyone challenging me on this matter
I've been investing in CSE for the last 11 years and been in many hard times. I used to invest a portion of my salary every month and continuously I did it for almost 11 years. Be it bear or bull. I saved for 5 to 6 months and put them in the market.
Now I have stopped doing this as I have no confidence on the policy makers. The policies are changing every 3 months and the rates are increasing whenever they want money. Even during the civil war there was stable policies.
Now I keep some shares for long term and some shares at loss. I stopped injecting new funds 6 months ago and decided not to put any new funds and started a small joint venture business with the saved money.
This is only my very personal view. I don't want to get into arguments with anyone on my view. Surely everyone who are too optimistic about these adhoc taxes would drink thitha beth very soon