`CGT For shares can't collect BIG Tax amount

LSL · 1 `CGT For shares can't collect BIG Tax amount Mon Jul 04, 2016 11:50 am

LSL

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nimantha80 · 2 Re: `CGT For shares can't collect BIG Tax amount Mon Jul 04, 2016 11:57 am

nimantha80

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turnover ekata tax gahaida danne naa .eeth wadak nanee paw appa.dan STL EKATH NATHI KARAGATHTHA.moko kauruth trade karanne naa

fireshelter · 3 Re: `CGT For shares can't collect BIG Tax amount Mon Jul 04, 2016 12:20 pm

fireshelter

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with out proper direction Keep money in account better than holding shares now

Truestory · 4 Re: `CGT For shares can't collect BIG Tax amount Mon Jul 04, 2016 7:34 pm

Truestory

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CGT is not a Gonibilla. CGT is there in most of the countries. People who wants to bring down the market talk about these things. Some of the Countries we treat as developed charges CGT as follows.

Denmark - 42%
France 34.4%
Finland 33%
Sweeden 30%
U.S A 28.6%
U K 28%
Norway 27%
Austria 25%
Germany 25%
Refer the below for some other countries CGT
rates

http://www.forbes.com/sites/robertwood/2015/03/25/u-s-capital-gain-rate-among-worlds-highest-but-president-obama-wants-more/#46e5898220ce

Countries need money to develop. If you make a capital gains govt. collects a small percentage. We have to come out of the present situation in the country. Either you must increase the revenue or reduce the expenditure. It is simple as that.
What we require for this country is a good management.
If you make a capital gain of Rs. 100/-. pay a tax to the govt to increase the facilities for the poor. If not do we have enough resources like Middle east. When the oil prices are down even those countries adopt measures to reduce the expenses.
They send some of their expats home. reduce the expenditure. etc.

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