SL Security Certificate - 256 Bit With Strong Encryption
Tradiva.com gives a 30% bonus on your first deposit. This means that when you open an account with $5,000 dollars, we will add to your account another $1,500 dollars.
Time-limited offer.
SL Security Certificate - 256 Bit With Strong Encryption
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes in its annual tax code revision.
The decision came after retail investors called out the tax policy on social media, labeling it as one that "kicks away ladder" for upward social mobility.
The finance ministry had also proposed to increase income tax on earnings exceeding 1 billion Won ($838,040) a year, hiking up taxes from 45% from 42% in a bid to offset the expected loss in revenue from changes in the capital gains tax.
Taxes of up to 25% will be imposed from 2023 on annual capital gains exceeding 50 million won ($41,650) a year for retail investors who trade listed shares. The tax was previously due to kick in on capital gains exceeding 20 million won.
South Korea's retail investors poured over 30 trillion won into local shares in the first six months of the year, marking it the largest on record for comparable periods.
South Korea’s KOSPI gained over 50% from the year's lows as investors flocked to a cheapened market, backed by ample liquidity amid record low interest rates.
The revised capital gains tax proposal on stock investment will affect 150,000 investors, or the top 2.5% of all stock investors, the ministry said.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
Oil prices rose on Thursday, but an unexpected build in U.S. crude oil reserves capped gains as the coronavirus pandemic curbed fuel consumption. U.S. crude and distillate stocks rose while fuel demand fell in the past week as a continuous ...
KYC Policy