Capital gains tax shocks GSE

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• K. 9 years ago

  This ta is long overdue and should in fact be considered across Africa. At least it is for now imposed only companies. In other economies capital gains are paid including on shares by both individual and companies (as part o ...
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  This ta is long overdue and should in fact be considered across Africa. At least it is for now imposed only companies. In other economies capital gains are paid including on shares by both individual and companies (as part of company tax). We have done ourselves so much injustice as greater chunk of our capital market investment is by foreign investors who see the benefit of none existence of capital gain tax on equity investment. We must not forget these foreign companies have for so long cheated us and continue to do so partly because of our own misjudgment and also thanks to our greed politicians. At least the tax is not on individual investors who should in the future also be considered for the CGT.

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• K. 9 years ago

  Lets not forget these foreign investors repatriate their profits and gains anyway.

  Lets not forget these foreign investors repatriate their profits and gains anyway.

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• SBD 9 years ago

  it is critical that this loophole is closed. Long overdue!!
  “The imposition of a capital gains tax makes Ghana the only market in the region that has a capital gains tax on listed securities, and will deal a competitive b ...
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  it is critical that this loophole is closed. Long overdue!!
  “The imposition of a capital gains tax makes Ghana the only market in the region that has a capital gains tax on listed securities, and will deal a competitive blow to the GSE. We are about to see foreign investors flee Ghana’s equity markets,” said Dr. Sam Mensah, Chairman of the GSE..... What competitive blow will it have? What proportion of trading value is accounted for by off-shore accounts? What is the ratio of foreign share holding of listed Ghanaian equities? Stop scaring people with baseless conclusions.

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• Kwaku. 9 years ago

  Madam, too many people are employed in government jobs doing nothing productive.

  Madam, too many people are employed in government jobs doing nothing productive.

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