Reported 8 months ago
Professor Ceng Juwei from Soochow University and special adjunct professor at the Central Trust Financial Management Institute, expressed concerns on the upcoming expiry of the half-cut tax exemption for intraday trading, urging the Ministry of Finance to extend it. The tax rate reduction was originally implemented in 2017 for one year, but has been extended multiple times until now. There are calls for normalization of the incentive, emphasizing the need for the new government to maintain fiscal discipline. Concerns are raised about the potential negative impact of converting short-term tax reductions into long-term systems, possibly damaging the tax system. It is highlighted that tax policies should remain neutral and apply uniformly to all types of securities transactions.
Source: YAHOO