Economic experts ask government to delay law on share taxes in Egypt
Board chairman of Qurtoba exchange
Cairo - MENA
Investors and economic experts have asked the government to seriously consider delaying a tax-on-shares law, arguing it is not useful in the time being.
Taxes on gains made from trading are not useful, especially that the EGX has been losing a big deal over the past months.
"The government should further interact with events in Egypt and the world," said Mohamed Roshdi, board chairman of Qurtoba exchange.
EGX indexes have been taking a downturn ever since the government announced the law on share profit taxes, Roshdi said.
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