Mon, Aug 22, 2005 - Page 10 News List

FSC changes mind again about daily stock ceilings

REVERSALS The Financial Supervisory Commission is developing a reputation for making flipflops -- often in the face of pressure from the business community

By Amber Chung  /  STAFF REPORTER

Investors would need to pay a 0.3 percent tax on trading shares on the offshore bourse, the commission said.

The capital gains are categorized as overseas income and thus are tax-free for retail investors, but taxable for corporate investors, it said.

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