ATFXIs it good or bad to halve stamp duty and prevent investment from being scammed

Is halving stamp duty good or bad?

Reducing stamp duty not only enlivens the stock market, but also increases investors' investment returns, equivalent to increasing the returns of listed companies, which is conducive to improving the valuation of high-quality companies. At the same time, an active stock market can also increase the tax base, which is a good thing with more advantages than disadvantages.

The new policy willAStamp duty on stock trading is calculated from the original selling amount0.1%One way collection, down to0.05%Unidirectional collection, applicable to both Shanghai Stock Connect and Shenzhen Stock Connect. Lowering stamp duty is a requirement for implementing the work of "revitalizing the capital market and boosting investor confidence", reflecting a clear attitude of supporting the stock market and is a significant positive news. With a series of strong policy support such as supporting private economy and private enterprises, stabilizing real estate, supporting the healthy development of platform economy, revitalizing the capital market, and boosting investor confidence, China's economic stabilization and rebound have gradually increased support for the stock market. The policy attitude of the Chinese stock market has been clarified, and reducing stamp duty is a powerful tool for regulating the stock market, which is conducive to market stability.

The halving of stamp duty will increase the activity of stock trading. Stamp duty is collected during the trading process, and reducing it will lower the trading costs of investors. As a result, investors' willingness to trade will be enhanced, which is beneficial to the stock market. The most direct beneficiaries are investors. Lowering stamp duty will send a much stronger policy signal to the market than conventional policies, or be referred to as a powerful policy tool. This is from2008For the first time since, it has decreased sinceAFrom the perspective of stock history, it has undergone multiple adjustments to stamp duty, and each adjustment will strongly regulate the market, making it a very effective policy adjustment tool. I believe this time is no exception.

From the perspective of pros and cons, stamp duty poses significant pressure on investors, but its proportion in overall national taxation is not high. Lowering the stamp duty rate for securities trading does not have a significant impact on the overall tax revenue of the country, but it is beneficial for reducing market transaction costs, reducing the burden on investors, and reflecting the policy orientation of tax reduction, fee reduction, profit sharing, and benefiting the people. At the same time, a decrease in stamp duty rates can increase investors' trading enthusiasm. If investors increase their trading volume, the tax base will also increase, so the total tax amount may not necessarily decrease.

Overall, adjusting the stamp duty on securities trading is good news for the stock market, playing a positive role in reducing transaction costs, activating market transactions, and reflecting inclusive effects.