Abu Sailek: The Capital Market Needs Investment Treatments, Not Tax

18-Dec-2018

Chairman of the Committee on Economy and Investment Representative, Dr. Kheir Abu Saeilek said that "the          general index of the Amman Stock Exchange achieved successive gains during the last week of trading, and rose from 1800 points last Tuesday through 4 consecutive highs to close yesterday  at 1863 points." 
He continued in a press statement yesterday that the participation of the "parliamentary economy" with the investors of the financial market and the tax department in the formulation of the system of calculating the tax on the profits of trading shares on the basis of clear contributed to reassure dealers in the capital market, stressing investors desire to be this tax is broken and not within the tax container, Which was endorsed by the Committee.
 The best practices in the capital market indicate that good trading is based on institutional investment, but the percentage of individual investment in the Jordanian capital market is 75%, while institutional investment is 25%, unlike the best international practices. In the trading structure based on speculation was disclosed through the income tax law. 
He stressed that the rational investor is the one who builds his investment decision with the participation of the    mediator, who knows the market place, pointing to the importance of positive statements and moving away from the negative, and go to investment solutions instead of tax treatment.
 









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