Unilateral imposition? Ministry of Finance to discuss the Stamp Duty.

According to recent data from State Administration of Taxation, in the first quarter of stamp duty on securities transactions completed 59.7 billion, an increase of 387.8 percent. .The high growth of, and rekindled the controversy about the reduced rate of stamp duty, which the Ministry of Finance also held a meeting to present the views of the unilateral imposition of stamp duty prevail. .<P> (Http://) National Tax Administration explained that this is because since May 30 last year, increased stamp duty on securities transactions made this year's carryover income. .May 29 last year, the Ministry of Finance announced the stamp duty rate securities increased from 0.1% to 0.3%. .</ P> <P align=center> unilaterally imposed the upper hand </ P> <P> a series of online comments against the stamp duty to rescue the market also attracted the attention of some officials of the Ministry of Finance, has invited policy of stamp duty with Professor Huo .discussed at both sides of the stamp as to whether adjustment policies should be a heated debate. .It is said that the current view of the unilateral imposition of stamp duty prevail. .</ P> <P> Chen Huiqin Huatai Securities, said that the Commission should play rescue card, urged the Treasury to change the unilateral imposition of stamp duty. .However, there are individual investors pessimistic that the reduction in stamp duty, more conducive to agency operations, state agencies more money to earn less, and more firmly the retail units. .</ P> <P align=center> adjustment has little effect on the market </ P> <P> Should the Government to reduce or even abolish the stamp duty, head of China research at Credit Suisse Vincent Chan said investors will not be a mere 0.3% .stamp duty, to decide to buy or not buy a stock. .The most equitable solution is to set the stamp duty on Chinese stock market in the global average, and promised to maintain this level over the next decade. .China's stock market from the long-term development perspective, this will be a move morale and stability - in the future regardless of market ups and downs, have less of a policy variable. .</ P> <P> industry analysis, adjust the stamp duty on market fundamentals will not have significant impact. .Macroeconomic fundamentals, corporate earnings will not change, so, even if reduced, can only result in a short-term rebound. .</ P> <P> Some experts said that raised the stamp duty last year, 530 to curb excessive speculation. .Up to now less than a year, taking into account the continuity of the policy, short-term relief is unlikely. .</ P> <P align=center> nearly 60 billion the first quarter of duty </ P> <P> from the authority of the department's latest data show that the first quarter of this year, stamp duty on securities transactions completed 59.7 billion, an increase of 387.8 percent, has been .more than all the dividends of listed companies last year. .</ P> <P> tax department said that this was mainly due to the first quarter of last year's rate of stamp duty has not yet adjusted, and since last May 30 after the stamp duty on securities transactions increased this year, exerting a result income, excluding tax rates if the growth factors .the first quarter and the stamp duty on securities trading volume growth is relatively stable. .</ P> <P> decline in the stock market panic situation, some large financial Web site yesterday, there were rumors that the program of the Commission to submit the stamp duty relief for the Treasury to block the tragic, but the rumor source is unknown. .Website, "Do you think it would reform the stamp duty?" Carried out the survey, the survey results show that voting in more than 50 million of them, 73.69% of Internet users chose the "yes", select "no" 26.31% of netizens have .. .From the above survey, the current, A-share market, many investors in the reform of stamp duty still have high expectations, it also means that the majority shareholders of the real idea, but at least for now, so .expectation seems to be wishful thinking. .</ P>.