capital gains tax; In favor of the stock market or against it? – Tejarat News

According to Tejarat News, it has been said for a long time that in order to implement the capital gains tax plan in the country’s economy; A scheme that was supposed to control speculative trading in parallel markets. However, this project faced many challenges on its way, such as lack of access to transaction details such as gold and coins or the purchase and sale of currency in the open market, and so far no favorable results have been achieved.

In general, capital gains tax is derived from the profit from the sale of all non-productive property. This property includes real estate, land, antiques, works of art, and other things of interest to the trader. Of course, in the meantime, stock market shares are not included in the capital gains tax plan.

Economic observers believe that the capital gains tax plan can have a significant impact on the stock market and liquidity in the short term. That is, investors put their capital in the stock market in the short term to avoid taxes and earn more profit. Especially at the current stage, due to the new wave of inflation and turbulence in parallel markets, the stock market can act as a suitable destination for attracting stray money and restore peace to markets such as gold and coins, currency and housing.

However, so far, this plan has not been carried out properly and as a result, the stock market has not been able to benefit from its ability to attract money in the current situation. The statistics of the entry and exit of real money in the capital market confirm this hypothesis.

Capital gains tax is suitable for stable economies

In a conversation with TejaratNews, financial market expert Barzo Haqshanas said: Capital gains tax is reasonable in a stable and reasonable economy and prevents speculators’ money from entering consumer markets such as housing, cars, etc. But the inflationary economic conditions have caused some of the money and liquidity in the market to go to speculation.”

He stated: “We have an institutionalized inflation in the country’s economy, and the cause of this inflation is the government.” The cause of inflation is due to the dissatisfaction of banks, budget deficit and the like.”

This capital market expert continued: “Now if the tax on capital gains is implemented in the country; It means that the government taxes its own incompetence. The government taxes people once due to inflation and the weakening of the national currency, and it also taxes capital gains.

Haqshanas explained: “The capital market is supposed to be exempt from capital gains tax, due to this, liquidity will enter the stock market in the short term. But my advice is that stock market activists should not be optimistic about this tax because the country’s economy and our foreign policy are not in a good state.”

Tax on the stock market!

This capital market expert emphasized: “Income tax on the capital market is not useful for the economy as a whole, and maybe in the short term some liquidity will come to the capital market; But in the medium term, it will intensify the outflow of capital from the country.” Haqshanas added: “In general, the capital gains tax plan is detrimental to the country’s economy, and probably after the implementation of this plan, the government will implement the tax on the capital market as well.”

And he stated: “According to the economic situation, the capital gains tax plan will lead to the withdrawal of liquidity from the country and ultimately weaken the value of the national currency.”

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