"Less Words, Higher Taxes" - Investors Shake Their Heads at Proposed Securities Tax?

Many investors reacted strongly to the proposal of a 20% tax on stock profits. They believe that this tax rate is too high, especially in the context of an unstable market. A reader shares: "I once lost over 3 billion 15 years ago and still haven't recouped my capital. If I had bought land back then, I would now have 30-50 billion." According to them, high taxes will make stocks less attractive compared to gold, real estate, or cryptocurrencies, easily causing money to flow out of the market.

Need to design a reasonable and flexible tax Most opinions agree that taxing profits is fair, but the rate must be appropriate and flexible. Many proposals have been made such as: Apply a progressive tax rate, for example: no tax on profits below 10%, 5% tax on profits from 11% to 30%, and 10% tax on profits from 31% to 50%... Only impose a 5% tax like Thailand and South Korea. Deduct mandatory costs such as transaction fees, transfer taxes, and margin loan interest. Tax incentives for long-term investors, reducing the tax to 3.5% if holding stocks for more than 12 months. Implementation from 2026, to allow time to prepare the system and create adaptation.

Warning of Negative Impact on the Market Many people are concerned that high taxes will cause retail investors to withdraw, weakening the capital raising channel of the economy. "If high taxes are imposed, the flow of money will shift to gold, real estate, or bank deposits. At that time, the stock market will become even more difficult to develop," a reader warned. Some opinions call for the government to prioritize stimulating the capital market, creating an attractive environment instead of applying pressure through tax policies, because "securities are the lifeblood of the economy in the new era."