Unfortunately, the current new government is very short-sighted! The implementation of Capital gain tax on shares would definitely crash the market. Stock markets in our neighbors country provide a better choice for local & foreign fund.
When Dr M handed the reins of government to his successor, we did not owe such amount of debt. U can imagine the huge mismanagement of our economy after Dr M. Now we are paying the price n Jibby is acting like a saint.
cgt on share...if it tax on amt profit (capital gain) then no problem loor... give money back loor to govt since other ppl has loss when you are gaining.
Ya, better blame najib for the earthquake in Indonesia too. haha.... everything bad, just blame najib
Posted by Junichiro > Oct 10, 2018 03:31 PM | Report Abuse
When Dr M handed the reins of government to his successor, we did not owe such amount of debt. U can imagine the huge mismanagement of our economy after Dr M. Now we are paying the price n Jibby is acting like a saint.
///kyosan ///cgt on share...if it tax on amt profit (capital gain) then no problem loor... give money back loor to govt since other ppl has loss when you are gaining. ///
How govrment know who buy AirAsia at Rm3 and then sell AirAsia at 4 ringgit & tax 15% profit on that one ringgit...
another person buy AirAsia at Rm3 & sell at Rm3.50, then pay tax 15% on 50 cents profit...this method govrnment will not monitor...to time consuming for gov to do. Gov need to ask for your shares history record to tax you...bolehkah.... like Gst recordkeeping...u want kah?
Gov will tax 15% on those who sell AirAsia at Rm4. That is 15% tax on every AirAsia share sold at Rm4. This method Gov can manage to do lah.
Jon Choivo, you are absolutely right. This fake Speedy Boy aka Fortune Bull is truly a nut, talking nonsense without knowing the facts. A Firstclass Bullshitter., whether on stocks and or politics. He has totally lost his creditabilty and integrity but still have the cheek to post his nonsensical comments ... only to be deleted. .
Imposing capital gain could create havoc to investors.Not to talk the response of retailers, foreign funds would certainly flee away at faster pace. what is attractive in Bursa now other than uncertainty of government policy? I would rather move out Bursa if PH imposes capital gain tax.
There are so many options available for investing in regional markets. Bursa is just a small potato in comparison with regional. If PH impose capital gain tax, think many investors would vote for BN in next election.
Using debt issued as an excuse to further implement new tax is not a good idea. May I remind that our country is trade surplus. Our major problem is our expenses is greater than our surplus. Just management cost more than half of our country income which cover pension, bonuses, allowance, housing subsidy and etc. For my personal view, there are some misunderstanding in SST 2.0 as stated by our LGE that country tax income collect are lower than GST. But may I remind your all during SST 1.0 which did not cover as wide as SST 2.0 such as insurance policy, telephone bill, legal fees and etc are now taxable. How much tax is needed to justify?
why you all worry. most investors lose more money than earn a penny in stock market but pay alot broker fee. gahmen shud tax broker not us. broker earn im every single trade and make sure they dont transfer this tax to us.
We became the first nation in the world to change from GST to SST after implementation. GST is a consumption tax and during political campaign, the practicality, benefits not properly communicated to the citizens. Hence, GST is known as an evil tax system. But why proceed from GST is higher as this is tax rich group much more. That's will balance the whole income group - rich pay higher and poor lesser. E.g. in respect of credit card - rich group using Amex's Black Card annual fee RM10k fee (or USD2.5k) hence GST is RM600 but SST is just RM25. And other examples as well, GST on purchase of luxury service suite. now with SST none. Rich will get richer, poor will be poorer. And with GST, we can avoid other taxes like SST, soda, sugar, inheritance and capital gain. Anyway, SST benefits just theory. Practicality, no impact
Local companies less IPO after capital gain tax. Sad. Foreign Fund lari from Bursa. Bilis retailers no interest in buying Bursa shares. Death to Bursa.
they haven't announce yet, you all already kau beh kau bu here? let them announce it this November 18 1st then only bash la, like that only got fun, see how they u turn later
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3141 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Valuespec
60 posts
Posted by Valuespec > 2018-10-10 13:57 | Report Abuse
Unfortunately, the current new government is very short-sighted! The implementation of Capital gain tax on shares would definitely crash the market. Stock markets in our neighbors country provide a better choice for local & foreign fund.