Thursday, July 18, 2024

What makes capital gains tax so complicated and how to simplify it

The current income tax rules on capital gains are intricate, with varying holding periods and tax rates for different asset classes. There is a proposal to standardize taxation by applying a single 10% tax rate on long-term capital gains for all financial assets.

from Tax-Wealth-Economic Times https://ift.tt/uJqtGx2

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