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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CGT - ADVISERS HAVE MISLEAD PM

CGT - ADVISERS HAVE MISLEAD PM

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1CGT - ADVISERS HAVE MISLEAD PM  Empty CGT - ADVISERS HAVE MISLEAD PM Mon Mar 14, 2016 5:08 pm

samaritan


Moderator
Moderator

Part of the article published on Sunday Times by Don Manu:
Quote:
"Merely by reducing the rich to destitution does not make the poor richer. The old communist theory of ‘tax the rich and feed the poor’ has long been discarded. It is the creed of the envious. It only makes the ‘haves’ join the ‘have nots’ and thus turns society into one utopian classless society where all are equal in penury’s well. It sucks out the driving motivation of all mankind: self interest, self improvement. No wonder that the Prime Minister’s uncle, President J.R. Jayewardene, removed capital gains taxes from the general tax framework as one of his last acts in office in 1987. For twenty nine years it has been the case. So who is the secret economic new red goblin who has ill advised the prime minister to resurrect the old socialist vampire and allow the phantom to suck the life blood of the capitalist order and render it moribund?".

2CGT - ADVISERS HAVE MISLEAD PM  Empty Re: CGT - ADVISERS HAVE MISLEAD PM Mon Mar 14, 2016 6:18 pm

jaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

More Profit, More Investment and more Investment more Employment, more disposal income more business etc..

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