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Thread: To cancel the stamp tax???
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[quote=YVONNE,273036]Those who invest in the stock market must be familiar with the stamp tax. In recent days, stamp tax has become the hottest topic in China. Many people advise to cancel the stamp tax or decrease the stamp tax rate. Why? The data suggests that the turnover of the dividends of those listed companies has reached 180 billion yuan in 2007. However, the revenue of the stamp tax has exceeded 200 billion yuan. This is abnormal. Thus, stamp tax should be cancelled. Since stamp tax can bring profitable tax revenue, some people object to cancelling it. What do you think? Should China cancel the stamp tax?[/quote]
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