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Registeraccording to news, Capital gain tax reversed . its good but damage is already done for the small investors who were ruined due to the decisions by the arrogant and foolish politicians who cannot think ,evaluate the repercussions of such a tax.as usual this also reversed.
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Future123
First Guy
nihal123
HAL9000
roshana7549
poor boy
10 posters
capital gain tax reversed?
poor boy- Active Member
- Posts : 766
Join date : 2014-10-09
roshana7549- Posts : 280
Join date : 2014-04-18
My friend, can you please post the source of the news....
HAL9000- Top contributor
- Posts : 1402
Join date : 2014-08-11
Location : Colombo
http://www.divaina.com/news08.html
Link is not yet active, probably in next few hours.
Link is not yet active, probably in next few hours.
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
සමාගම්වල ඉල්ලීමට
ප්රාග්ධන බද්ද හැලේ
ජනිත සෙනෙවිරත්න
පසුගියදා හඳුන්වාදුන් ලාභය මත බදු අයකරන ප්රාග්ධන බද්ද අහෝසි කරන්නට රජය තීරණය කර තිබේ.
අදාළ ප්රාග්ධන බද්ද හේතුවෙන් ව්යාපාර කරගෙන යැමට අපහසු බවට මෙරට ප්රධාන පෙළේ ව්යාපාරිකයන් හා සමාගම් විසින් රජයේ ප්රබලයන් වෙත දිගින් දිගටම කරන ලද බලපෑම් මත රජය මෙම තීරණය ගෙන තිබේ.
ප්රාග්ධන ලාභය මත අයකරනු ලබන මෙම බද්ද ඕනෑම චංචල හෝ නිශ්චල දේපළක් මත ලබන ලාභයට අදාළ වන අතර එම ලාභය ලබන කාලයට අනුරූපවන පරිදි විවිධ ප්රතිශත නියමිතව තිබිණි.
එම නිසා නිවාස, ඉඩම්, වාහන, කොටස් වෙළෙඳපොළ ආදී රටේ ඉහළම ව්යාපාර හා ගනුදෙනුවලට මෙය විශාල වශයෙන් බලපාන්නට ඉඩ තිබිණි. අදාළ ව්යාපාර වලින් ලබන ලාභය මත එම බද්ද අයකිරීමට නියමිතව තිබිණි.
මේ හේතුවෙන් ව්යාපාරික ක්ෂේත්රවලින් ඇතිවූ දැඩි බලපෑම මත අදාළ බද්ද අහෝසි කර තිබේ. කෙසේ වෙතත් වැට්බද්ද වැඩිකිරීම ඇතුළු අනෙකුත් ක්ෂේත්ර සඳහා පැනවූ බදු එලෙසම ක්රියාත්මක වේ.
මේ අතරින් වැට් බද්ද වැඩිකිරීම නිසා එදිනෙදා භාවිතාවන භාණ්ඩ හා සේවා රැසක මිල සැලකිය යුතු ලෙස ඉහළ යන බව වෙළෙඳපොළ ආරංචි මාර්ග සඳහන් කරයි.
http://www.divaina.com/2016/03/22/news08.html
ප්රාග්ධන බද්ද හැලේ
ජනිත සෙනෙවිරත්න
පසුගියදා හඳුන්වාදුන් ලාභය මත බදු අයකරන ප්රාග්ධන බද්ද අහෝසි කරන්නට රජය තීරණය කර තිබේ.
අදාළ ප්රාග්ධන බද්ද හේතුවෙන් ව්යාපාර කරගෙන යැමට අපහසු බවට මෙරට ප්රධාන පෙළේ ව්යාපාරිකයන් හා සමාගම් විසින් රජයේ ප්රබලයන් වෙත දිගින් දිගටම කරන ලද බලපෑම් මත රජය මෙම තීරණය ගෙන තිබේ.
ප්රාග්ධන ලාභය මත අයකරනු ලබන මෙම බද්ද ඕනෑම චංචල හෝ නිශ්චල දේපළක් මත ලබන ලාභයට අදාළ වන අතර එම ලාභය ලබන කාලයට අනුරූපවන පරිදි විවිධ ප්රතිශත නියමිතව තිබිණි.
එම නිසා නිවාස, ඉඩම්, වාහන, කොටස් වෙළෙඳපොළ ආදී රටේ ඉහළම ව්යාපාර හා ගනුදෙනුවලට මෙය විශාල වශයෙන් බලපාන්නට ඉඩ තිබිණි. අදාළ ව්යාපාර වලින් ලබන ලාභය මත එම බද්ද අයකිරීමට නියමිතව තිබිණි.
මේ හේතුවෙන් ව්යාපාරික ක්ෂේත්රවලින් ඇතිවූ දැඩි බලපෑම මත අදාළ බද්ද අහෝසි කර තිබේ. කෙසේ වෙතත් වැට්බද්ද වැඩිකිරීම ඇතුළු අනෙකුත් ක්ෂේත්ර සඳහා පැනවූ බදු එලෙසම ක්රියාත්මක වේ.
මේ අතරින් වැට් බද්ද වැඩිකිරීම නිසා එදිනෙදා භාවිතාවන භාණ්ඩ හා සේවා රැසක මිල සැලකිය යුතු ලෙස ඉහළ යන බව වෙළෙඳපොළ ආරංචි මාර්ග සඳහන් කරයි.
http://www.divaina.com/2016/03/22/news08.html
First Guy- Posts : 2599
Join date : 2014-02-22
This is what slstock warned but few listened. Even in the past there were news that could have been bad for certain sectors but were reversed soon afterwards.
Again, seems nature of people is to panic, although wise mature people warn and advise not to.
I will wait for this news to emerge on more sources and to be confirmed.
Now, what was supposed to be collected via CGT has to be taken from somewhere else.
STL to be reversed too? Or something else?
Again, seems nature of people is to panic, although wise mature people warn and advise not to.
I will wait for this news to emerge on more sources and to be confirmed.
Now, what was supposed to be collected via CGT has to be taken from somewhere else.
STL to be reversed too? Or something else?
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
Prefer STL restored. Happy to pay a small commission to the nation.
CGT is not good for an emerging market like us who are dying for investments.
Why we are having so much threats nowadays for investors. Investors are worried and thinking what is the next tax in the pipe line. Why are they threatening us like this. I'm not very comfortable with these kind of threats where policies are brought and changed every month.
CGT is not good for an emerging market like us who are dying for investments.
Why we are having so much threats nowadays for investors. Investors are worried and thinking what is the next tax in the pipe line. Why are they threatening us like this. I'm not very comfortable with these kind of threats where policies are brought and changed every month.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
Finally they made the correct decision with regards to CGT
Yin-Yang- Posts : 1321
Join date : 2016-03-12
Sri Lanka's economy seems to be going through too many 'trial and error' efforts these days.
Wondering what could the next episode be. This is becoming like a suspense tele-drama where after going through all actions and thrills everything comes back to square one.
Wondering what could the next episode be. This is becoming like a suspense tele-drama where after going through all actions and thrills everything comes back to square one.
poor boy- Active Member
- Posts : 766
Join date : 2014-10-09
මේ ටෙලි නාට්ටියේ අන්තිමට කොල්ලා මැරෙනවා. දුස්ටයෝ හොඳට කොටස් ලාබෙට අරගෙන ගොඩාක් පොහොසත් වෙලා ඊලග ජන්දෙටත් ඉල්ලනවා.Yin-Yang wrote:Sri Lanka's economy seems to be going through too many 'trial and error' efforts these days.
Wondering what could the next episode be. This is becoming like a suspense tele-drama where after going through all actions and thrills everything comes back to square one.
balapas- Top contributor
- Posts : 762
Join date : 2014-02-23
Age : 44
A man running a sillara kade would have more consistent policies.
Yin-Yang- Posts : 1321
Join date : 2016-03-12
"ඕන ගොනෙකුට අලිමංකඩ කියල පාමංකඩ යන්න පුළුවන්!"
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
"Prime Minister Wickremesinghe said though there were complaints about capital gains taxes, even in London there was capital gains taxes."
http://www.economynext.com/Sri_Lanka_s_new_taxes_in_April_and_September-3-4563-1.html
This is utter nonsense talking. United Kingdon is a developed country and they are not interested in FDIs but we as a poor developing country desperate for foreign inflows. If the Prime Minister introduce capital gain taxes, sure it would hurt the investments in SL. Investors will runaway from Sri Lanka which they are already doing.
http://www.economynext.com/Sri_Lanka_s_new_taxes_in_April_and_September-3-4563-1.html
This is utter nonsense talking. United Kingdon is a developed country and they are not interested in FDIs but we as a poor developing country desperate for foreign inflows. If the Prime Minister introduce capital gain taxes, sure it would hurt the investments in SL. Investors will runaway from Sri Lanka which they are already doing.
Yin-Yang- Posts : 1321
Join date : 2016-03-12
May be our PM thinks that we need to follow UK to become a developed country.
And may be according to him, UK has become a developed country because of the CGT.
And may be according to him, UK has become a developed country because of the CGT.
First Guy- Posts : 2599
Join date : 2014-02-22
Future123 wrote:"Prime Minister Wickremesinghe said though there were complaints about capital gains taxes, even in London there was capital gains taxes."
http://www.economynext.com/Sri_Lanka_s_new_taxes_in_April_and_September-3-4563-1.html
This is utter nonsense talking. United Kingdon is a developed country and they are not interested in FDIs but we as a poor developing country desperate for foreign inflows. If the Prime Minister introduce capital gain taxes, sure it would hurt the investments in SL. Investors will runaway from Sri Lanka which they are already doing.
How is will capital gains taxes discourage FDI?
Btw, what is the tax rate that you expect? What was the prevailing rate earlier? and in other countries?
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
Below is what Group CEO of Candor , Ravi Abeysuriya said and not me.
Feb 26, 2016 (LBO) – Sri Lanka’s government should not impose a capital gains tax on the stock market as the market still runs on low trade volumes, Group CEO of Candor Group, Ravi Abeysuriya said.
Capital gains are profits realized on a sale of a non-inventory asset that was purchased at a cost that was lower than the amount realized on the sale.
The most common capital gains are realized from the sale of stocks, bonds, precious metals and property.
Prime Minister Ranil Wickremesinghe recently hinted that the government would move away from a subsidy regime to a capital empowerment regime through taxing capital.
Prime Minister pointed out that he would change the tax system which is currently acquire more tax from the ordinary people and charge less from the capitalists.
Wickremesinghe however did not clarify whether this would specifically apply to the stock market.
Abeysuriya said a possible imposition of tax on capital gains of stocks will also include capital losses where people will start to claim these losses wiping out the stock market risk factor.
“There is empirical evidence in countries where capital gains tax was brought into the stock market,” he said.
“In March 2012 one country brought in capital gains tax and the market trading volumes came down by 36.5 percent.”
“So unlike in the US, you can kill the market by bringing in capital gains tax to markets with low trade volumes.”
Abeysuriya suggested that it is better to keep the share transactions levy (STL) rather than imposing a capital gains tax for stock markets.
STL is purely based on the transactions taking place in the stock exchange, revenue generated under this fluctuates in accordance with the volume of the share market dealings.
Sri Lanka however removed this levy for all transactions on equity from 01 January 2016 in line with a budget proposal aimed at encouraging share market trading.
http://www.lankabusinessonline.com/capital-gains-tax-may-kill-sri-lankan-stock-market-ravi-abeysuriya/
Feb 26, 2016 (LBO) – Sri Lanka’s government should not impose a capital gains tax on the stock market as the market still runs on low trade volumes, Group CEO of Candor Group, Ravi Abeysuriya said.
Capital gains are profits realized on a sale of a non-inventory asset that was purchased at a cost that was lower than the amount realized on the sale.
The most common capital gains are realized from the sale of stocks, bonds, precious metals and property.
Prime Minister Ranil Wickremesinghe recently hinted that the government would move away from a subsidy regime to a capital empowerment regime through taxing capital.
Prime Minister pointed out that he would change the tax system which is currently acquire more tax from the ordinary people and charge less from the capitalists.
Wickremesinghe however did not clarify whether this would specifically apply to the stock market.
Abeysuriya said a possible imposition of tax on capital gains of stocks will also include capital losses where people will start to claim these losses wiping out the stock market risk factor.
“There is empirical evidence in countries where capital gains tax was brought into the stock market,” he said.
“In March 2012 one country brought in capital gains tax and the market trading volumes came down by 36.5 percent.”
“So unlike in the US, you can kill the market by bringing in capital gains tax to markets with low trade volumes.”
Abeysuriya suggested that it is better to keep the share transactions levy (STL) rather than imposing a capital gains tax for stock markets.
STL is purely based on the transactions taking place in the stock exchange, revenue generated under this fluctuates in accordance with the volume of the share market dealings.
Sri Lanka however removed this levy for all transactions on equity from 01 January 2016 in line with a budget proposal aimed at encouraging share market trading.
http://www.lankabusinessonline.com/capital-gains-tax-may-kill-sri-lankan-stock-market-ravi-abeysuriya/
First Guy wrote:Future123 wrote:"Prime Minister Wickremesinghe said though there were complaints about capital gains taxes, even in London there was capital gains taxes."
http://www.economynext.com/Sri_Lanka_s_new_taxes_in_April_and_September-3-4563-1.html
This is utter nonsense talking. United Kingdon is a developed country and they are not interested in FDIs but we as a poor developing country desperate for foreign inflows. If the Prime Minister introduce capital gain taxes, sure it would hurt the investments in SL. Investors will runaway from Sri Lanka which they are already doing.
How is will capital gains taxes discourage FDI?
Btw, what is the tax rate that you expect? What was the prevailing rate earlier? and in other countries?
First Guy- Posts : 2599
Join date : 2014-02-22
Give me a straight answer. You have posted how what Ravi Abeysuriya is telling about how it will affect the market which we do know.
I asked how will it affect FDI?
and "Btw, what is the tax rate that you expect? What was the prevailing rate earlier? and in other countries?"
I asked how will it affect FDI?
and "Btw, what is the tax rate that you expect? What was the prevailing rate earlier? and in other countries?"
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Why should a Citizen should not oppose to tax , is because a country cannot run without income. This Government Income in return assist to meet the expenditure of state which is quite often end as welfare to the same citizen.
If only a handful of selected loyal people get treatment from " Elizabeth Hotel-Singapore" and settled by Tax income and the greater majority cannot even get medicine from Government Hospital but near by Pharmacy its citizens should revolt on streets.. That ' s a separate issue. Now direct to the investors view on Capital Gain Tax.
If only a handful of selected loyal people get treatment from " Elizabeth Hotel-Singapore" and settled by Tax income and the greater majority cannot even get medicine from Government Hospital but near by Pharmacy its citizens should revolt on streets.. That ' s a separate issue. Now direct to the investors view on Capital Gain Tax.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
We always use hypothetical sums to arrive at conclusions easily.
Suppose you make an initial investment of Rs 100,000 initially and each year if you can make a 100% gain by selling the investment and if you reinvest the same without being taxed this is your wealth after 20 years.
Suppose you make an initial investment of Rs 100,000 initially and each year if you can make a 100% gain by selling the investment and if you reinvest the same without being taxed this is your wealth after 20 years.
| Year | Investment | Gain | Investment +Gain |
| 1 | 100,000.00 | 100,000.00 | 200,000.00 |
| 2 | 200,000.00 | 200,000.00 | 400,000.00 |
| 3 | 400,000.00 | 400,000.00 | 800,000.00 |
| 4 | 800,000.00 | 800,000.00 | 1,600,000.00 |
| 5 | 1,600,000.00 | 1,600,000.00 | 3,200,000.00 |
| 6 | 3,200,000.00 | 3,200,000.00 | 6,400,000.00 |
| 7 | 6,400,000.00 | 6,400,000.00 | 12,800,000.00 |
| 8 | 12,800,000.00 | 12,800,000.00 | 25,600,000.00 |
| 9 | 25,600,000.00 | 25,600,000.00 | 51,200,000.00 |
| 10 | 51,200,000.00 | 51,200,000.00 | 102,400,000.00 |
| 11 | 102,400,000.00 | 102,400,000.00 | 204,800,000.00 |
| 12 | 204,800,000.00 | 204,800,000.00 | 409,600,000.00 |
| 13 | 409,600,000.00 | 409,600,000.00 | 819,200,000.00 |
| 14 | 819,200,000.00 | 819,200,000.00 | 1,638,400,000.00 |
| 15 | 1,638,400,000.00 | 1,638,400,000.00 | 3,276,800,000.00 |
| 16 | 3,276,800,000.00 | 3,276,800,000.00 | 6,553,600,000.00 |
| 17 | 6,553,600,000.00 | 6,553,600,000.00 | 13,107,200,000.00 |
| 18 | 13,107,200,000.00 | 13,107,200,000.00 | 26,214,400,000.00 |
| 19 | 26,214,400,000.00 | 26,214,400,000.00 | 52,428,800,000.00 |
| 20 | 52,428,800,000.00 | 52,428,800,000.00 | 104,857,600,000.00 |
Last edited by yellow knife on Fri Mar 25, 2016 8:32 am; edited 1 time in total
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Now if you are subject to just 10% CGT this is your wealth after 20 years.
| 10% | ||||
| Year | Investment | Gain | Tax | Inv+(Gain-Tax) |
| 1 | 100,000.00 | 100,000.00 | 10,000.00 | 190,000.00 |
| 2 | 190,000.00 | 190,000.00 | 19,000.00 | 361,000.00 |
| 3 | 361,000.00 | 361,000.00 | 36,100.00 | 685,900.00 |
| 4 | 685,900.00 | 685,900.00 | 68,590.00 | 1,303,210.00 |
| 5 | 1,303,210.00 | 1,303,210.00 | 130,321.00 | 2,476,099.00 |
| 6 | 2,476,099.00 | 2,476,099.00 | 247,609.90 | 4,704,588.10 |
| 7 | 4,704,588.10 | 4,704,588.10 | 470,458.81 | 8,938,717.39 |
| 8 | 8,938,717.39 | 8,938,717.39 | 893,871.74 | 16,983,563.04 |
| 9 | 16,983,563.04 | 16,983,563.04 | 1,698,356.30 | 32,268,769.78 |
| 10 | 32,268,769.78 | 32,268,769.78 | 3,226,876.98 | 61,310,662.58 |
| 11 | 61,310,662.58 | 61,310,662.58 | 6,131,066.26 | 116,490,258.90 |
| 12 | 116,490,258.90 | 116,490,258.90 | 11,649,025.89 | 221,331,491.91 |
| 13 | 221,331,491.91 | 221,331,491.91 | 22,133,149.19 | 420,529,834.62 |
| 14 | 420,529,834.62 | 420,529,834.62 | 42,052,983.46 | 799,006,685.78 |
| 15 | 799,006,685.78 | 799,006,685.78 | 79,900,668.58 | 1,518,112,702.99 |
| 16 | 1,518,112,702.99 | 1,518,112,702.99 | 151,811,270.30 | 2,884,414,135.68 |
| 17 | 2,884,414,135.68 | 2,884,414,135.68 | 288,441,413.57 | 5,480,386,857.78 |
| 18 | 5,480,386,857.78 | 5,480,386,857.78 | 548,038,685.78 | 10,412,735,029.79 |
| 19 | 10,412,735,029.79 | 10,412,735,029.79 | 1,041,273,502.98 | 19,784,196,556.60 |
| 20 | 19,784,196,556.60 | 19,784,196,556.60 | 1,978,419,655.66 | 37,589,973,457.55 |
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Where has your possible wealth of Rs
This is why Investors are against CGT
Why Citizens and Patriots should not oppose to CGT is given earlier.
*********************************
Now if the General public understand their patriotic feeling are manipulated for selected few to enjoy at Elizabeth Hotel/Hospital/Casino etc... blood bath is inevitable in and out of Stock Exchanges.
| 67,277,626,542.45 |
This is why Investors are against CGT
Why Citizens and Patriots should not oppose to CGT is given earlier.
*********************************
Now if the General public understand their patriotic feeling are manipulated for selected few to enjoy at Elizabeth Hotel/Hospital/Casino etc... blood bath is inevitable in and out of Stock Exchanges.
First Guy- Posts : 2599
Join date : 2014-02-22
YK,
Your table assumes that tax is 10% and no allowance. Also assumed investor can make 100% every year - that's 90% gain after tax/
Well we still do not have clarity on the tax. It could be more it could be less but I am hoping for less as 10% seems absurd.
But now talking about the missed gain that is gone as tax - this will only happen if the market appreciates so much.
If the government is to earn from this market must go up - that is an incentive for the government to give more attention to the market and develop it - which in turn investors can also benefit. This is my only argument.
We are continuously asking the government to do good for the market. Why not pay this as an incentive?
I'd rather make 27% after tax with a market that is being taken seriously by the government than make 10% or make losses in a one that is not.
Your table assumes that tax is 10% and no allowance. Also assumed investor can make 100% every year - that's 90% gain after tax/
Well we still do not have clarity on the tax. It could be more it could be less but I am hoping for less as 10% seems absurd.
But now talking about the missed gain that is gone as tax - this will only happen if the market appreciates so much.
If the government is to earn from this market must go up - that is an incentive for the government to give more attention to the market and develop it - which in turn investors can also benefit. This is my only argument.
We are continuously asking the government to do good for the market. Why not pay this as an incentive?
I'd rather make 27% after tax with a market that is being taken seriously by the government than make 10% or make losses in a one that is not.
First Guy- Posts : 2599
Join date : 2014-02-22
http://www.which.co.uk/money/tax/guides/capital-gains-tax-explained/capital-gains-tax-allowances-and-rates/
CGT in UK has been reduced to 10% (lower tax). There is an allowance of 11000 pounds.
CGT in UK has been reduced to 10% (lower tax). There is an allowance of 11000 pounds.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
This example is not real. It just shows the easy calculation. No one has a clear Idea of CGT rate.. not even the PM. I suppose.
If we do not argue and evaluate CGT as investors who will do that ?
I dont mind paying tax and after all what we pay is after a gain.
Why many countries do not charge CGT and why its common among emerging market..
When Ben Barnanke was selected to serve as Chairman of FED he was under the radar for FBI and only after clearance from FBI he was given the job.
Here we don't have such Intelligence Units... Who ever we think loyal to ME is immediately appointed to the highest positions and we don't know such people/ officers ultra motive.
There is no capital gains tax in Singapore but in Sri Lanka.. So even those who have invested in SL will find Singapore more attractive.
Currently there is no capital gains tax in Sri Lanka. That's how it reads in https://en.wikipedia.org/wiki/Capital_gains_tax
If we do not argue and evaluate CGT as investors who will do that ?
I dont mind paying tax and after all what we pay is after a gain.
Why many countries do not charge CGT and why its common among emerging market..
When Ben Barnanke was selected to serve as Chairman of FED he was under the radar for FBI and only after clearance from FBI he was given the job.
Here we don't have such Intelligence Units... Who ever we think loyal to ME is immediately appointed to the highest positions and we don't know such people/ officers ultra motive.
There is no capital gains tax in Singapore but in Sri Lanka.. So even those who have invested in SL will find Singapore more attractive.
Currently there is no capital gains tax in Sri Lanka. That's how it reads in https://en.wikipedia.org/wiki/Capital_gains_tax
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
In above link once again South Korea seems to have deliberated on tax seriously.
South Korea
For individuals holding less than 3% of listed company, there is only 0.3% trade tax for sales of shares. Exchange traded funds are exempt from any trade tax. For larger than 3% shareholders of listed companies or for sales of shares in any unlisted company, capital gains tax in South Korea is 11% for tax residents for sales of shares in small- and medium-sized companies. Rates of 22% and 33% apply in certain other situations.[38] Those who have been resident in Korea for less than five years are exempt from capital gains tax on foreign assets
Yin-Yang- Posts : 1321
Join date : 2016-03-12
My thanks to @ yellow knife and all others for sharing valuable thoughts here.
It seems, this is a complicated subject and have potential to bring in either good results or very bad depending on the way it implemented.
What I would ideally dream of is a win-win situation with brokers; where, brokers are not paid any commission on transaction but only a portion of the capital gains made by the investors.
(Surely, such a decision will bring all brokers to the streets; but make investors very happy and market will surely jump up)
It seems, this is a complicated subject and have potential to bring in either good results or very bad depending on the way it implemented.
What I would ideally dream of is a win-win situation with brokers; where, brokers are not paid any commission on transaction but only a portion of the capital gains made by the investors.
(Surely, such a decision will bring all brokers to the streets; but make investors very happy and market will surely jump up)
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