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Gst going up!

Thread starter Pinkieslut
Start date Nov 20, 2015

Leongsam

High Order Twit / Low SES subject

Admin

Asset

Nov 21, 2015

syed putra said:
Actually the rich don't really pay their share of the Income tax anyway.
I suggest introducing capital gains tax.,maybe 15 %. Presently speculators are not taxed.

It depends how you define "speculator".

If you make a one off killing, you'll escape the tax man's net.

If you trade you're taxed just like anyone else and profits are deemed to be income.