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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Your views on followings

Your views on followings

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1Your views on followings Empty Your views on followings Tue Nov 17, 2015 11:50 am

EquityChamp

EquityChamp
Moderator
Moderator
a) Increase in corporate tax rates to 30%
b) Increase in corporate tax rates to 40%
c) Increase in VAT to 15%
d) Decrease in VAT to 10%
e) Increase in income tax to 35%
f) Reduce the tax exempted income level to 300,000 pa
g) Increase the import tax on motor vehicles
h) A tax holiday of 10 years for new investments over USD 100mn
I) 5% interest loans for less than 500,000 for stock market investors
j) Increase in government levy on share transactions to 0.3%
k) Formation of 45 economic centers covering the whole country and offer tax concessions and other benefits to investors who investors in those economic centers.
l) Raising import taxes on commodities while reducing taxes on domestic industries, may be say 0% VAT 

You can evaluate these from country's  capital market perspective.

2Your views on followings Empty Re: Your views on followings Tue Nov 17, 2015 1:19 pm

EquityChamp

EquityChamp
Moderator
Moderator
Some of these may be budget proposals on Friday so it great to measure the investor feedback.

3Your views on followings Empty Re: Your views on followings Tue Nov 17, 2015 1:25 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
All are trying to create investors friendly Environment

4Your views on followings Empty Re: Your views on followings Tue Nov 17, 2015 1:46 pm

tommiya


Equity Analytic
Equity Analytic
The threats of such budgets to the poor are when the government impose taxes targeting the so called rich and affluent the rich get away somehow and it is the poor investor's  like us who fall prey and find the tax inspectors following us. It has happened in the past and may continue as the rich and affluent hold the trumps with the appropriate officials. Only Hope is if the government takes a leaf out of the lessons learnt from the past, though unlikely to happen and  not harm the poor, the pensioners and those who have a fixed income or a fixed capital which is their wealth for a life time unlike the rich and affluent who collect for generations. Whatever happens its the poor who gets affected.
Those who fall under the  rich and affluent in this forum should be knowing this.



Last edited by tommiya on Tue Nov 17, 2015 1:55 pm; edited 1 time in total (Reason for editing : missed a phrase)

5Your views on followings Empty Re: Your views on followings Tue Nov 17, 2015 2:11 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
a) Increase in corporate tax rates to 30% - Against , indirectly this will harm poor people -
b) Increase in corporate tax rates to 40% - පිස්සු නැත්නම් හොඳයි-
c) Increase in VAT to 15% - against -
d) Decrease in VAT to 10% - OK -
e) Increase in income tax to 35% - against, because what they collect is wasted in the hands of politicians-  
f) Reduce the tax exempted income level to 300,000 pa - 25,000 p.m. too low ,counter productive,  it should be  600,000 pa. if not 1 million -
g) Increase the import tax on motor vehicles - disagree -
h) A tax holiday of 10 years for new investments over USD 100mn - no impact , very little '100mn  investments' will come per year-

I) 5% interest loans for less than 500,000 for stock market investors - පිස්සු නැත්නම් හොඳයි -

j) Increase in government levy on share transactions to 0.3% - Against , another counter productive signal-

k) Formation of 45 economic centers covering the whole country and offer tax concessions and other benefits to investors who investors in those economic centers. - contradict to earlier proposals but if support is given , good-

l) Raising import taxes on commodities while reducing taxes on domestic industries, may be say 0% VAT - import tax rates are high even now. Low VAT for domestic is acceptable.

6Your views on followings Empty Re: Your views on followings Tue Nov 17, 2015 4:57 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
a) Increase in corporate tax rates to 30% - Good, govt needs more revenue. 30% mark still below other counties tax level.
b) Increase in corporate tax rates to 40%- suicide measure,
c) Increase in VAT to 15%-okay, if they scratch off other govt levies.
d) Decrease in VAT to 10%-against it if that means imposing various other levies. Tax system is too complicated. Simplify the tax system by increasing VAT to 15% and scratching off other levies.
e) Increase in income tax to 35%- against it. Keep the same level but get rid of the loopholes which are in place. Eg:- I know lot of people who pay income tax has diverted most of there funds to Debentures. Debentures are tax free instrument. I know a person who earns 40mn in interest from his FD, but now his income from FD interest has come down to 200K. All of his FD's converted to Debentures. That's why every debentures gets subscribed within the opening day. All the high net wealth individual invest in those. 
f) Reduce the tax exempted income level to 300,000 pa-should be 540,000/=
g) Increase the import tax on motor vehicles-Yes but further reduction on small vehicles
h) A tax holiday of 10 years for new investments over USD 100mn- 10Yrs for hotel,5Yrs Manufacturing but have to sign guarantee for 15yrs, IT 5yrs.
I) 5% interest loans for less than 500,000 for stock market investors-Against it. Giving loans for equity investment stupid
j) Increase in government levy on share transactions to 0.3%-against it.
k) Formation of 45 economic centers covering the whole country and offer tax concessions and other benefits to investors who investors in those economic centers.-against it, try to maximize the effectiveness of the current free trade zone first
l) Raising import taxes on commodities while reducing taxes on domestic industries, may be say 0% VAT-it depends on the industry

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