Individual investors have an edge over financial professionals because you don’t have to prove how smart you are to others. You don’t have to manage other peoples emotions and timeframes. All you have to do is cut out the noise and focus on making a few good decisions per year.
— Ian Cassel (@iancassel) January 13, 2018
Biggest Corporate Scam going on now is the acquisition of own assets through NCLT after taking severe haircurts from banks/creditors through benaami transactions by corrupting the system. This should be stopped.
— Harsh Goenka (@hvgoenka) January 13, 2018
NMDC buyback at 90. OFS at 160+
Nalco, buyback at 48 and OFS at 68
MOIL buyback at 248 and OFS at 360+Govt doing a decent job.
— Jiten Parmar (@jitenkparmar) January 10, 2018
2/n
Threfoe cannot conclude that global investors hunt for growth and do not care for taxes.
2. China argument is all wrong- For many years foreign nvestors could not buy local stocks anyway so the logic that people invested in China despite high tax on stocks is also wrong— Samir Arora (@Iamsamirarora) January 9, 2018
4/n
Mauritius and Singapore treaties made India rules similar to that for other countries – i.e. no tax on foreign investors. Except that in other countries one need not go through any 3rd country to pay zero tax.— Samir Arora (@Iamsamirarora) January 9, 2018
6/n
Capital gains tax collection will be cyclical – when economy/mkt is good you will collect more but in bad times when money really needed by govt collections will be less
STT is more like an annuity with steady growth and steady streams of income are always more valuable— Samir Arora (@Iamsamirarora) January 9, 2018
8/n
Fairness is already there as everyone pays STT. in the end some make money/some lose but before investing no one knows who will make/lose. STT is akin to everyone buying insurance against need for paying taxes later.
Big investors pay more as they pay higher amount of STT— Samir Arora (@Iamsamirarora) January 9, 2018
10/n
Indirect tax/direct tax is all bogey.
STT is a direct tax on the investors (collectively).— Samir Arora (@Iamsamirarora) January 10, 2018
The irony
The stock of BSE at a low whereas its most popular benchmark Sensex at lifetime high pic.twitter.com/D1wN7LwWKP— Kalpen Parekh (@KalpenParekh) December 23, 2017