Is stamp duty legislation good or bad for the stock market?

The full name of stamp tax in the stock market is stock transaction stamp tax. It refers to a tax levied by Chinese tax law specifically on the amount of stock transactions. Currently, the stamp tax in China's stock market is levied at a unilateral rate of 1‰; stamp tax is Stock market taxes include brokerage commissions, transfer fees, dividend tax and other taxes.

The stamp tax on stock transactions has a great impact on the stock market, and the most direct impact is the transaction costs of investors; when the stamp tax on stock transactions increases, the transaction costs of stock market investors increase, resulting in relatively large expenditures for investors; The reduction in stamp duty on stock transactions is accompanied by lower transaction costs for investors in the stock market, resulting in lower investor expenses. ?Over the years, although the contribution of Chinese investors has been very high

Over the years, although the contribution of Chinese investors has been very high, most investors have not obtained real investment returns from the stock market. There are a lot of burdens to shoulder, and over the years, stamp duty has made a relatively obvious contribution to domestic tax revenue growth, and has a relatively large impact on investors' shareholding costs.

Later, due to the advancement of the times, transactions became online computer transactions or mobile phone transactions, and almost no one had paper taxable certificates anymore. The stamp duty generated in stock transactions is borne by the buyer and is a unilateral fee charged at a rate of 0.1%, which is one thousandth. Whenever you sell stocks, you will incur stamp duty, but there is no stamp duty when buying stocks. ?my country’s stock transaction stamp tax rate is 1‰ unilateral tax

Currently, my country’s stock transaction stamp tax rate is 1‰ unilateral tax. The transferee is no longer taxed, that is, it is collected only when the stock is sold. , a stamp duty of one thousandth of the total amount of shares.

Stamp duty accounts for the majority of stock transaction costs, because stamp duty rates will affect investors’ transaction costs and are considered the most important regulatory tool for the government to regulate the stock market.

All parties in society have been constantly calling for the reform of stamp duties on securities transactions in my country. On the one hand, they are looking to the stock exchanges of major countries in the world. Directly abolish this tax, and on the other hand, further reduce the tax rate to achieve a slow transition until it is abolished.

The abolition of stamp duty on securities transactions is a general trend. At that time, it will not only further stabilize the confidence of market traders, increase active trading activity, and maintain the healthy and steady development of the market. The adjustment of stamp duty largely reflects the government's attitude towards the rise and fall of the stock market

The adjustment of stamp duty largely reflects the government's attitude towards the rise and fall of the stock market. The stamp duty increase was basically introduced when the stock market was soaring in order to cool down the stock market.

The stamp duty reduction was basically introduced when the stock market was very depressed. Whether it is an upward adjustment or a downward adjustment, it will affect investors' predictions of the future stock market, which will be reflected in their actions. They will sell for hedging or buy to win future space.

Adjusting stamp duty has changed the operating cost of funds and affected the enthusiasm of investors to participate in the stock market. The increase in stamp duty has increased operating costs and compressed profit margins.

Stockholders, especially those with relatively large funds, will be more cautious in participating and reduce the frequency of participation. The stamp duty has been reduced, the cost has been lowered, the enthusiasm of investors to participate has become higher, and more funds are willing to participate in the stock market. Stamp duty directly increases the cost of investors

Stamp duty directly increases the cost of investors, so it naturally becomes a tool for the government to regulate the stock market. Every adjustment of stamp duty will have a direct impact on the stock market, especially The stamp duty adjustment on May 30, 2007 caused the stock market to fall to the limit of 1,000 shares for several consecutive days, which was extremely tragic.

The stamp tax bill completely eliminated the bubble of hope among investors. In other words, don’t count on it in the future. In other words, stamp duty will accompany investors for a long time. That means you have to pay stamp duty. There is no hope of reducing stamp duty.