My Persian People’s demand to levy tax on currency transactions/tax on capital gains, a solution to deal with currency brokers

According to the economic reporter of Fars News Agency, these days, the fluctuations in the currency market and the ups and downs of the dollar rate have led to the speculation of some dealers in this market.

Dealers and traders, who only think about their own interests in the field of making windfall profits, have been able to gain power by acquiring wealth. It is necessary for the government to deal with speculation in this market, so that we do not witness the loss of a large part of the country’s foreign exchange resources. .

Before this, the policy makers of the central bank, with every fluctuation in the currency market, they chose the first and worst possible action, i.e. the supply of currency, and this issue ultimately led to more profit by the dealers, but in the last case of the fluctuation of the currency price during a It happened in the open market last month. With smart measures, the market maker has been able to neutralize part of the speculation of dealers and not have a wide supply of currency in the market.

* Traders causing the exchange rate to increase

Mohammad Vaez, an economist and faculty member of Isfahan University, in an interview with the economic reporter of Fars news agency, said about the reasons for the growth of the currency price in the past weeks: a set of factors that have caused this new increase in the price of the currency can be divided into two categories: “psychological factors” and “Speculative attacks of foreign origin” are divisible.

He said: Following the recent protests and riots, some people are worried about the future purchasing power of their Riyal assets, and this group, which mainly belongs to the middle and rich class, determined their behavior regarding the adjustment of their asset portfolio under the influence of this concern. they do.

He continued: On the other hand, in this group, unfortunately, imitation is prevalent as a basis for decision making. That is, if they see some people compensating for this concern by buying foreign currency, they will also imitate this work. The outcome of these psychological factors has led to a collective entry into the currency market to protect a part of Rial assets from the risk of reducing purchasing power in the future, which eventually became a pressure factor for the exchange rate to rise in the free market.

* Why should the government tax the purchase and sale of currency?

Taking tax from economic activities in any field can have different reasons. YOne of the most important reasons why policy makers take taxes is related to the field of regulation. Taking taxes from the currency market can be quite demanding speculatively which, according to most experts, is one of the main reasons for the volatility in this market, to drastically reduce it.

In other words, in addition to the government’s revenue-generating goals, the main reason for imposing a tax on the purchase and sale of currency is to levy a heavy tax on those who, with their presence in the currency and dollar market, cause excessive growth. the price dollar and create turbulence in the economic system of the country.

In the 1995 to 1997 exchange rate policy, and in order to prevent speculative activities, people who start buying and selling dollars are natural persons who buy dollars, if even the buyer does not have a tax file, compared to filing a file and Issuance of orders for tax payment is done by him.

*Taxing a solution to reduce demand in the currency market/ buyers Tax quota currency

Vaez, an Iranian economic expert, tells Fars about receiving taxes from the foreign exchange market: The attractiveness caused by the difference in the exchange rate of the interbank market or an agreement with the free market should be greatly reduced.

He believes that setting a quota of 2,000 dollars for each person is an unjustified decision that provokes rent-seeking and the impossibility of continuity in the real sense, therefore, as soon as possible, firstly, those who have this currency should be subject to tax regulations, and secondly, this difference should be removed.

* A circular for receiving taxes from illegal currency transactions

According to Fars, one of the main onesthe most The solutions to deal with currency brokering are the implementation of tax on capital gains and incidental incomes.

According to the announcement of the Tax Affairs Organization, in May this year, foreign currency traders who have made illegal purchases and sales of foreign currency outside of the banking network or exchange offices, are subject to the payment of ali al-hasab tax. on income be.

In this announcement, the Tax Affairs Organization of the country emphasized: currency traders who, according to the announcement of the Central Bank and regulatory bodies, have made unauthorized purchases and sales of foreign currency outside the banking network or exchange offices, are subject to the payment of indirect tax in the implementation of Article 163 of the Direct Taxes Law. are calculated on the income, necessary measures to identify and collect taxes from 1005 foreign currency traders introduced by the Central Bank, who during the last two years through more than 5000 bank accounts illegally and outside the banking network and exchanges They have sold currency, it is under tax investigation.

* Fars audience: Taxes should be collected from currency buyers

Therefore, the audience report of Fars news agency in my Fars system in a campaign entitled “Tax be collected from the buyers of foreign currency”: “In order to prevent a great tactic of the enemies and ill-wishers of our dear Iran and brokers who can use this tool to control all aspects of the lives of people in the society. affect and cause pressure on the weak part of the society and dissatisfaction of the people and the abuse of our sworn enemies like the recent sedition, this type of tax in the current situation will prevent the economic terror of the country and continue the forward trend of Islamic Iran.

Therefore, according to the report, the Fars news agency, according to the mission it has defined for itself regarding the follow-up of my Fars subjects, will definitely put the follow-up of this issue on the agenda and Officials He will ask for an explanation about this.

If you wish, other users can join the signatories of this campaign; When the signatures of this campaign reach 1000 signatures and above, Fars News Agency will definitely follow up on this issue.

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