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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
capital gain tax reversed? - Page 2 EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
capital gain tax reversed? - Page 2 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
capital gain tax reversed? - Page 2 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
capital gain tax reversed? - Page 2 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
capital gain tax reversed? - Page 2 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
capital gain tax reversed? - Page 2 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
capital gain tax reversed? - Page 2 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
capital gain tax reversed? - Page 2 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
capital gain tax reversed? - Page 2 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
capital gain tax reversed? - Page 2 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
capital gain tax reversed? - Page 2 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
capital gain tax reversed? - Page 2 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
capital gain tax reversed? - Page 2 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
capital gain tax reversed? - Page 2 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
capital gain tax reversed? - Page 2 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
capital gain tax reversed? - Page 2 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
capital gain tax reversed? - Page 2 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
capital gain tax reversed? - Page 2 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
capital gain tax reversed? - Page 2 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
capital gain tax reversed? - Page 2 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
capital gain tax reversed? - Page 2 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
capital gain tax reversed? - Page 2 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
capital gain tax reversed? - Page 2 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
capital gain tax reversed? - Page 2 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
capital gain tax reversed? - Page 2 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
capital gain tax reversed? - Page 2 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
capital gain tax reversed? - Page 2 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
capital gain tax reversed? - Page 2 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
capital gain tax reversed? - Page 2 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
capital gain tax reversed? - Page 2 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
capital gain tax reversed? - Page 2 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
capital gain tax reversed? - Page 2 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
capital gain tax reversed? - Page 2 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
capital gain tax reversed? - Page 2 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
capital gain tax reversed? - Page 2 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
capital gain tax reversed? - Page 2 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
capital gain tax reversed? - Page 2 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
capital gain tax reversed? - Page 2 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
capital gain tax reversed? - Page 2 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
capital gain tax reversed? - Page 2 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
capital gain tax reversed? - Page 2 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
capital gain tax reversed? - Page 2 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
capital gain tax reversed? - Page 2 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
capital gain tax reversed? - Page 2 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
capital gain tax reversed? - Page 2 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
capital gain tax reversed? - Page 2 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
capital gain tax reversed? - Page 2 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
capital gain tax reversed? - Page 2 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
capital gain tax reversed? - Page 2 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
capital gain tax reversed? - Page 2 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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+6
Future123
First Guy
nihal123
HAL9000
roshana7549
poor boy
10 posters

    capital gain tax reversed?

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    Future123
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    Active Member


    Posts : 1435
    Join date : 2014-04-09

    capital gain tax reversed? - Page 2 Empty Re: capital gain tax reversed?

    Post by Future123 Fri Mar 25, 2016 2:42 pm

    When they introduced Super gain taxes last year the market collapsed from 7600 points to less than 7000 points. Only a few opposed Super gain taxes including me but many were praising government policies for introducing SGT. Ultimately we all investors lost money.

    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 Question Question Question Question Question Question Question Question

    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 Question Question Question  Laughing  Laughing  Laughing  Laughing

    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 Question  Laughing Laughing Laughing Laughing Laughing

    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 Laughing Laughing Laughing Laughing Laughing

      Current date/time is Sat Nov 16, 2024 2:56 am