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IHS: Capital Gains Tax on Securities is Absurd
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Published: November 22, 2010; 10:05 ♦ (Vindobona)
The introduction of the capital gains tax on securities would encourage speculation rather than contain it, says IHS (Institute for Advanced Studies) Director Felderer. Private investors are the victims
IHS: Capital Gains Tax on Securities is Absurd / Picture: © Wikipedia / Magnus Manske
On disclosure of the government’s tax plans for the coming year, one of the decisions informed on was the abolition of the holding period for securities. Previously, profits on securities were subject to taxes only if they were sold within a year, with a substitute income tax at rates of up to 50%. But now, a tax with no limitations at a rate of 25% is to be levied. Real speculation…
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