Commentators agree scrapping stock stamp duty could well help turnover, benefitting the stock exchange, as stock brokerage firms are likely to end up paying more in profit tax as a result. Photo: AP
Enoch Yiu
Opinion

Opinion

White Collar by Enoch Yiu

Carrie Lam should endorse scrapping of stock market stamp duty: here’s why

Stock stamp duty has never been considered stable government income, but it is the most expensive element in any transaction cost

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Commentators agree scrapping stock stamp duty could well help turnover, benefitting the stock exchange, as stock brokerage firms are likely to end up paying more in profit tax as a result. Photo: AP
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