Hello friends,
Trading tax might hurt liquidity traders. For example, if you urgently need cash by selling shares at the time of market price down; you have to pay tax instead of loss on investment value. And, it will gain to speculative trader (buy and sell securities for the capital gain).
So, i think, there should be capital gain tax but need to decrease by 50% of more for both corporate and individual. It must be between 5 to 10%. I do not think transaction tax is appropriate.
Thank you.
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Tilak Acharya