City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: China imposes the highest stamp tax on securities transfer!!!
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=LEOPOLD219,240271]Source: People's Daily. Most of the nations in the world only levy securities transfer tax on those vendors except China (including Hong Kong) and Australia. China and Australia levy securities transfer tax on both vendors and buyers. Meanwhile, China imposes the highest stamp tax (securities transfer tax) in the world. In USA, the securities transfer tax has been cancelled during the reign of Clinton. South Korea only levy 0.3% securities transfer tax on those vendors. Spain imposes 0.11% securities transfer tax on the vendors. Belgium levy about 0.035% on shares of those listed companies. Italy, 0.05% to 0.075%. Singapore, 0.1% stamp tax and 0.2% transfer tax on buyers. Why does China impose so much stamp tax? It is said that China will also change its way to impose stamp tax just on buyers or vendors and it is helpful to recover the stock market. Is that true? [/quote]
characters left
Name:
Get a new code
Copyright © 1998-2025 All rights reserved.