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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » No Capital Gains Tax on Stock Market - Ravi - 05 Nov 2016

No Capital Gains Tax on Stock Market - Ravi - 05 Nov 2016

+4
Teller
Yahapalanaya
Bullrunner7
cse.newbie
8 posters

Go down  Message [Page 1 of 1]

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
Panic sellers, now please be panic buyers and lift the prices up!

http://www.economynext.com/Sri_Lanka_focused_on_deficit_reduction,_capital_gains_on_property-3-6526-1.html

Finance Minister Ravi Karunanayake told reporters last week that he intended to unveil what he called a revolutionary budget on Thursday reducing the deficit to 4.7 percent of GDP, down from 5.4 percent in calendar 2016.

"It is going to be a revolutionary budget," Karunanayake said at a dinner he hosted Thursday for reporters and owners of media institutions. "There will be capital gains on property, but not on share transactions."

"There are some people who have made huge capital gains on property and they must contribute part of that to the state," the minister said adding that any gains made within 10 years of purchase will be liable.

He did not give details of the plan, but said stock market transactions will be exempt.

Prime Minister Ranil Wickremesinghe had called for capital gains tax in June after the government failed to implement it in the 2016 budget (presented last year) following opposition from lobby groups.

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
Excellent news !!!

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Nocomments from coolies of MARA

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
MARA?

Teller

Teller
Moderator
Moderator
Good news


_________________




Teller said is said..

Teller

Teller
Moderator
Moderator
Good news


_________________




Teller said is said..

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Capital gain chargeable to back period is good. Rich community is directly hit. As usual almost all sale deed is undervalued. Need efficient & honest team to evaluate such. Tremendous pressure to RK from gained community is inevitable. Perhaps it may amend in next few days.

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Again game on

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ko mee gon baiyoo.api kiuwoth kiuwa.next year alltime high kiyala man godak kalin kiuwe.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Ravi K is not a trustworthy fellow.He has lost the creditability which a minister should have .Most of the investors are sidelined due to his plans.personally I will not trust his word.
Most of the time this time also he will spoil the soup.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The quality of being inconsistent & lacking a harmonious uniformity should not be in the possession of public representative.
So called democracy perhaps calls for a stalwart dictatorship.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
green green

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