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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka to impose 'super gains' tax on company profits: Interim Budget 2015

Sri Lanka to impose 'super gains' tax on company profits: Interim Budget 2015

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stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Quibit wrote:I am looking at 1 year forward earning based PER valuation. Obviously I am correct. Prices will have to dip, may not be 25%. But what should I do? Buy or sell? Pleas answer my question instead of find fault with a small error.
Smile

I think you are not good with Economics and Politics. if you dont know dont talk. or get advise.

New government
1)Try to create 1Milion Jobs During next 6 Years.
2)new Budget amendment is give more money to people. that is good sign for money circular. in that case people can purchase more goods and services. then main company try to expand the business according to new demand. then create More jobs and they will make more profits expanding business(bcs they have to cover there own targets and market has good demand)

3)new government will put eye to manufacturing goods(maybe offer Tax Holidays). then big companies are try to invest money into that sector and take tax holiday.

4)this one time TAX. no need to Panic. its not effect to 25% share price. UNP will give more benefits (for Companies) after next election. we no need to Panic

you guys worry about 20-30 companies. but new government gave good benefits for all other 290 companies(in CSE)


EquityChamp


Moderator
Moderator
The budget proposals have aimed to reduce the prices of many goods and services including electricity which will be a huge contributor to reduce inflation, reduce interest rates and thereby reduce the operating costs to any company. These are very good signs.

Only concern is the revenue proposals will have a negative impact on big companies, but not all. Ps read my thread on the analysis of the budget proposals on stock prices and the opportunities created by the same situation.
http://forum.srilankaequity.com/t40907-quick-screening-of-the-overall-impact-of-the-interim-budget-2015#253742

Happy trading coming days to all of you.

NZ BOY


Moderator
Moderator
Sri Lanka to impose 'super gains' tax on company profits: Interim Budget 2015 - Page 2 Billio10[/quote]

CARACALLA


Manager - Equity Analytics
Manager - Equity Analytics
Thanks 4 updating NZ,

NZ BOY


Moderator
Moderator
Super gain tax 25% is good for small or medium capital investors

People should consider about good stocks now bcoz Already petrol and diesel price reduced.It would give good profit to most of the companies.

such as
GLAS,RWSL,ESL,VFIN,COLO,AGST,SIRA,SDB,PARQ,CFVF,MBSL,CSEC,UML,KHL,RHL,TYRE and ETC

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Earlier there was daily summary and discussions by them

EPS

EPS
Expert
Expert
most of big companies are not paying tax directly. all of their subsidiaries are paying tax separatly and most of are below 2 bn. then no impact to market

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Comments outside the topic will be deleted. Please respect the privacy of members. please follow the forum rules.

nalban


Manager - Equity Analytics
Manager - Equity Analytics
Some forum members blames the poster when they see ideas they don't like.
It is a fact when a huge tax component come to the P&L from an interim budget any corporate will loose their bearings.
Sad thing is People still try to defend their political likings rather than looking at facts.

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Somebody have to pay the bills for Infrastructure development and government expenditure. Is't it the corporates and the rich who are benefitting from the Highways, ports, airports and nice walkways. The threewheelers and motorbikes cant access the highways. And the poor dont come to the nice walkways to burn their excess fat..

The corporates largely evading taxes by expert knowledge of tax consultants. So the government is mainly depending on direct taxes from consumer public.

The wealth distribution in the country has deteriorated rapidly in past few years. There can be no democracy in or fairness in legal system in that kind of situation.

So this time the government had to bow down to the voters somehow.. Either it's their conscience or the upcoming general election..

Eitherway this is the way to go.. Now the corporates and the rich are campaigning that this is not fair. It's the super rich who are taxed. The survival and productivity of people should come first than the rich corporates.

Prices coming down 25% is a joke. We can see even on friday foreign net buying. The importance about foreign buying is these are mainly foreign institutions, which do some kind of analysis before trading.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Majority of country's population is poor. Riches enjoy a high portion of income distribution. Companies fall under newly imposed tax category use many tactics to pay lower taxes. It is well explained above.
Country & its poor people should be the top priority in any political agenda in the future, not the stock market. Once, people enjoy their rights & proportionate income distribution, the stock market will be on right track.

It is the new trend in the country that that people attentively listen to " peoples movements" not to political parties. If this government is incapable of fulfilling the promises given, peoples movement would be in front.

I do comply with practical points given above by "gamaya". It is sure that many oppose, counter argue the facts above. Unfortunately many talk of stock market losses but not of poor class of the country.

EquityChamp

EquityChamp
Moderator
Moderator
Very true. The market will stabilize around 6900-7000 levels. Wait for tomorrow trading then buy some heavily declined shares for bargain prices.

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