RE: After divi 11/04/20249 Apr 2024 10:12
Jedclampit
No prob. We all pay taxes.
I think and I think that it is not only my opinion, that taxing Stock Market in this way which we are seeing in UK , that is a wrong decision. In most of the countries we have less than in UK tax level, especially when we are talking about long term investment. Sometimes we have one tax on 15-20%, huge free of tax investment allowance, non taxed long term investment, etc. In my opinion this is much more profitable for any country's economy. It's build a strong market and attracts new investors and, above all, new companies. Currently, the UK has an erroneous tax policy towards this market segment, based on socialist thinking and not on rewarding private investments. When understanding the needs of the state budget, one must see its effects of this politic. These effects include a huge, several dozen percent undervaluation of companies in relation to the largest markets in the USA, France or Germany. And this results in the flight of both issuers and capital from the London Stock Exchange. These are much greater losses than the gain from increasing taxes in this area. Today, subsequent issuers are talking about moving their listings to New York, Frankfurt or Paris. Soon, due to the legislator's erroneous actions, London Stock Exchange will become a small local market.
Rebuilding its position will be, if not impossible, then certainly long-term, difficult and costly for the budget. And those in power should finally understand this. Because populism in this area only brings financial losses.