tag:blogger.com,1999:blog-6799517749463638949.post1525490419436669677..comments2023-12-21T18:16:49.762+08:00Comments on Businessman Investor: BIR Tax Legality, PSE Administrative Impossibility, Logistical Burden, Illiquidity TendenciesBusinessman Investorhttp://www.blogger.com/profile/04879357550215159500noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6799517749463638949.post-28321546284216700652012-05-17T07:39:11.886+08:002012-05-17T07:39:11.886+08:00In the US, the brokers' online database has th...In the US, the brokers' online database has the capability to track cost and selling price by transaction by securities. Calculating CGT on each trade is a non-issue. The IRS also has the capability to track understatement of CGT so no one dares rigging the system as they end up paying the understatement anyway. <br /><br />Being an investor in the Philippines as well, I saw STT does not always favor the investor. Depending on the price of the stock traded and the number of shares, you may end up losing or with a thin take home gain. This does not sit well with me. We can talk about the math in detail but trust me, STT drives me nuts sometimes particularly when some million Peso of transaction is involved with almost no gain at all, having considered all the buy and sell cost plus the STT.Anonymousnoreply@blogger.com