Relieved that tax rebates not withdrawn

FE Team | Published: June 02, 2023 00:12:05

It is a matter of relief that no additional taxes have been applied to the capital market at a time when the government is striving to increase tax revenue.
Investors had become concerned following the news on the possibility of withdrawal of the existing tax rebates on investments in listed securities.
"It's good for the capital market that tax rebates are in place."
However, the capital market would have drawn more investors had the removal of double taxation been considered.
"The most important thing is that the market should become the main source of long-term financing, not banks."