Government insists some more taxes

EquityChamp · 1 Government insists some more taxes Sat Mar 12, 2016 7:36 pm

EquityChamp

Moderator

Posts : 4068
Equity Stars : 15430
Reputation : 1014
Join date : 2014-11-05

Today Sunday Lankadeepa has an article on more taxes on stock market. The articles highlights a statement made by RK. He says that government is going to implement a tax called 'PRAAGDHANA PRATHIYOJANA TAX' which is similar to the tax having on London Stock Exchange. I don't know anything about this tax so if our members know anything please share for the benefit of the members.

Thanks

Teller · 2 Re: Government insists some more taxes Sat Mar 12, 2016 9:00 pm

Teller

Moderator

Posts : 5640
Equity Stars : 17131
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

This is another gilmart from Ravi k. He doesn't have any knowledge for what he is doing. This is the number one failed financial,minister in the history. What ever his introductions are getting really trouble for sri Lankan Economy.
The investors confidence are really low even I don't have any hope for new participation from retailers side. Electricity,water bills can hit the companies profit as well as disposable income in the community. So we have to wait some time before take any buying decisions . GL

jayathu · 3 Re: Government insists some more taxes Sat Mar 12, 2016 9:07 pm

jayathu

Assistant Vice President - Equity Analytics

Posts : 949
Equity Stars : 4857
Reputation : 24
Join date : 2014-03-02

increasing tax revenue is a good measure to stabilize the economy, it might have short term negative effect on the equity market but in the long/medium run equity market will bounce back strongly.

Equity market performance reflects the economy performance

If we can reduce the debt levels and and increase tax revenue levels in a sensible way without damaging the entrepreneurs and business confidence equity market will bounce back.

Teller · 4 Re: Government insists some more taxes Sat Mar 12, 2016 9:14 pm

Teller

Moderator

Posts : 5640
Equity Stars : 17131
Reputation : 232
Join date : 2013-06-25
Location : Abhudhabi

Yes you are correct jayathu. But this government is using these money mostly for recurrent expenses. So nothing will be allocated to reduce debt and insfractures developments.

Pac-man · 5 Re: Government insists some more taxes Sat Mar 12, 2016 9:30 pm

Pac-man

Assistant Vice President - Equity Analytics

Posts : 889
Equity Stars : 4485
Reputation : 15
Join date : 2015-02-06

Today Sunday Lankadeepa has an article on more taxes on stock market. The articles highlights a statement made by RK. He says that government is going to implement a tax called 'PRAAGDHANA PRATHIYOJANA TAX' which is similar to the tax having on London Stock Exchange.

onna mama nemei apae Equitychamo kiyannae

These Taxes will bring ASI to 5000 near level somtime can be 5500 also if we lucky

stockback · 6 Re: Government insists some more taxes Sat Mar 12, 2016 9:48 pm

stockback

Senior Vice President - Equity Analytics

Posts : 2945
Equity Stars : 8964
Reputation : 61
Join date : 2012-02-19

PRAAGDHANA PRATHIYOJANA TAX = = = Capital Gain Tax

Broker firms speak to President about this matter.

CGT is still not confirm.

will see. 2002 also Ranil try to implement this but failed. 2002 Ranil has strong Government. but now not that much strong

Pac-man · 7 Re: Government insists some more taxes Sat Mar 12, 2016 10:04 pm

Pac-man

Assistant Vice President - Equity Analytics

Posts : 889
Equity Stars : 4485
Reputation : 15
Join date : 2015-02-06

stockback

market ekata CGT eka wadinnae nae kiyala hari news ekkak hambunaa nam u are correct. ehema hari news ekkak natthnam ASI 5000 near wela thama passa ballannae.
Danata thiyana news anuwa gahanawa. Ranil kiwwae 4 paarak withara. thawa mona katha daa. Ada Ravi also kiyala paper ekata. Ethin poddak hithanna

stockback · 8 Re: Government insists some more taxes Sat Mar 12, 2016 10:19 pm

stockback

Senior Vice President - Equity Analytics

Posts : 2945
Equity Stars : 8964
Reputation : 61
Join date : 2012-02-19

please explain what is capital gain tax.

CGT is not a issue.

Interest rates Hike is issue. Political uncertainty is issue
Government financial situation is issue....

Capital Gain Tax taking from your gain.

when i work in London I paid 35% tax and NI, if this government take 35% from Your salary what will happen here.

people has to change minds. Politicians should wok properly

CGT discussion is use for control top businessmen in sri lanka by Ranil. some businessmen still support to MR. this is Political agenda.

Last edited by stockback on Sat Mar 12, 2016 10:53 pm; edited 1 time in total

Shammi Dharshana · 9 Re: Government insists some more taxes Sat Mar 12, 2016 10:39 pm

Shammi Dharshana

Senior Manager - Equity Analytics

Posts : 380
Equity Stars : 3687
Reputation : 0
Join date : 2015-08-19

Well said mr stockback .pac man anna ahaganin.topila mahindata kade yana eka nawattapan.monday regnis,gran tikak buy karapan

Pac-man · 10 Re: Government insists some more taxes Sat Mar 12, 2016 10:50 pm

Pac-man

Assistant Vice President - Equity Analytics

Posts : 889
Equity Stars : 4485
Reputation : 15
Join date : 2015-02-06

Shammi pukuur

baby thara ganna epa. Rupu thera masthana okay
ela ela buy karanna buy karanna oya

Pyaar Mera Deewana

hettdas · 11 Re: Government insists some more taxes Sun Mar 13, 2016 8:28 am

hettdas

Assistant Vice President - Equity Analytics

Posts : 611
Equity Stars : 6657
Reputation : 31
Join date : 2011-02-01

I heard govt. is going to increase salaries of govt. servants from RS 10000-40000. Those increases will add to the basic salary within 4 years. So how can they pay huge salaries to 1.4 million employees. Definitely they will have to tax for all. So all non government people have to face lot of troubles.

kumarweerarathne · 12 Re: Government insists some more taxes Sun Mar 13, 2016 10:25 am

kumarweerarathne

Assistant Vice President - Equity Analytics

Posts : 885
Equity Stars : 5667
Reputation : 32
Join date : 2011-09-08

Hettdas.. What is da source?? Govt can not do dat since they r even struggling to pay the agreed increment

Pac-man · 13 Re: Government insists some more taxes Sun Mar 13, 2016 11:02 am

Pac-man

Assistant Vice President - Equity Analytics

Posts : 889
Equity Stars : 4485
Reputation : 15
Join date : 2015-02-06

CGT eka thiyanakan oya kiyanna kisima up ekkak wennae nae
okkoma pus wadi wagae giya bassa witharai

point · 14 Re: Government insists some more taxes Sun Mar 13, 2016 12:38 pm

point

Manager - Equity Analytics

Posts : 203
Equity Stars : 3475
Reputation : 5
Join date : 2015-06-05

pac man if it come down buy and take your profit but don't calculate early much as your lose. take what ever you can get. hemadama eka widiyata pahalata wikunai kiyala hitanna be oyaa pahalinma sell karapu kenek wenna ati ekai duka. eka hitan netiwa othana indala hitanna aye lose eka sampurna cover karanna yanna epa amaruwe watei.

hettdas · 15 Re: Government insists some more taxes Mon Mar 14, 2016 8:22 am

hettdas

Assistant Vice President - Equity Analytics

Posts : 611
Equity Stars : 6657
Reputation : 31
Join date : 2011-02-01

kumarweerarathne wrote:Hettdas.. What is da source?? Govt can not do dat since they r even struggling to pay the agreed increment

Please follow this link

http://www.pubad.gov.lk/web/index.php?option=com_circular&task=detail&iid=1603&keyword=&fld_type=0&fld_searchby=0&Itemid=109&lang=en

Also talk to a government servant. He will explain you..