LiewCF Tech Blog

I think the budget 2008 benefit the governmnet servants the most, we should call it Government Servant Budget 2008.

Bursa casino + broking firms + markets big shark team up to raise min brokerake from rm 12 to 40 , why ?? to earn extra money for sure , besides that to reduce small retailers nimbleness in share trading, as nimbleness is crucial in winning and if u trade without this, you will lose to them (chong kah) and hehe, this measures is very poisonous, as malaysia govt usual tactics, give u 10Cent and rob yr RM 100, i read paper all mentioned that it could spur small investors interest in the market – think all must be idiots or conmen’s talk, where got small investors want to buy if commision raise from rm 12 to rm40?? this is a trick for u to buy more at one go and the taboo in KLSE game is u cant buy bulk in one go unless when public bank is traded at RM 60C ( Like those in 97 crisis), so i wonder if raising min fee per transaction could boost trading interest, why not set it at RM 400 9min) per trade, hehe! fellow small fishes, beaware!! this is very racun tricks manouvred by group of crocodiles involved in stocks market, so, from conversations with veteran investors across malaysia, the common opinion is : suck blood measures, KLSE cannot play anymore. eventual winners will be broking firms and crocodiles, like call-warrents issued by cimb and osk, they just issue and pls read the trend within 6 months, all typical going downhill , chongkah sell from IPO until last trading day. this is call rule of the game and rule has become more and more dirty.

Bursa casino + broking firms + markets big shark team up to raise min brokerake from rm 12 to 40 , why ?? to earn extra money for sure , besides that to reduce small retailers nimbleness in share trading, as nimbleness is crucial in winning and if u trade without this, you will lose to them (chong kah) and hehe, this measures is very poisonous, as malaysia govt usual tactics, give u 10Cent and rob yr RM 100, i read paper all mentioned that it could spur small investors interest in the market – think all must be idiots or conmen’s talk, where got small investors want to buy if commision raise from rm 12 to rm40?? this is a trick for u to buy more at one go and the taboo in KLSE game is u cant buy bulk in one go unless when public bank is traded at RM 60C ( Like those in 97 crisis), so i wonder if raising min fee per transaction could boost trading interest, why not set it at RM 400 9min) per trade, hehe! fellow small fishes, beaware!! this is very racun tricks manouvred by group of crocodiles involved in stocks market, so, from conversations with veteran investors across malaysia, the common opinion is : suck blood measures, KLSE cannot play anymore. eventual winners will be broking firms and crocodiles, like call-warrents issued by cimb and osk, they just issue and pls read the trend within 6 months, all typical going downhill , chongkah sell from IPO until last trading day. this is call rule of the game and rule has become more and more dirty.

Individual does not need to pay tax for share dividend received ?
This is math game only =__=”
Please refer to the example of this forum …
http://www.lcmart.com/community/viewthread.php?tid=6025

Some related discussion here
http://www.investlah.com/forum/index.php?topic=871.0

LiewCF & Mr Lim, I have attached a small portion of comment #8 into the forum. Please advise me if any of you guys doesn’t agree with that so I could remove it.

Glad if you guys could participate in the discussion.

Dear LiewCF,

Your statement …”individual does not need to pay tax for share dividend received” is a reflection of yr misderstanding of the one tier tax system that to be introduced in 2008 budget. As a result, leading you to claim that you might invest more in share ! What quite a misleading statement was to other bolggers !

Let me try to putting in the right persepective. Before the new “one tier taxation”, basically, any company having intention to flank out dividend for shareholder must be carried free balance in the section 108 account.
Free there, the company will be paying 27% tax on behalf of shareholder (in this year) to the inland revenue.

The lower income group can claim back the tax from the inland revenue (let say A is in the tax bracket of 10%, he/she is entitle to claim back the balance 17% from the inland revenue). as long as they are in the tax bracket lower than 27% category. And vice versa for the higher income group (need to pay another 1 % to the inland revenue if he is in the 28% tax bracket).

With the one tie new system (budget 2008), the section 108 account will be abolished (not later than 2013 , giving 6 years to be implemented ) The inland revenue will tax the company directly for the any dividend declared. Thus, all dividend declared will be considered as nett. No further tax can be reclaimed back for the lower income group as mentioned above.

As for the company…..there is no much different (they can only declare dividend if have free cash) with one exception that the surplus fund (if any)that utilized for investment for capital gain can be exempted from the computation of income tax.

Hopes you can be more careful in yr statement especially pertaining to issues that inherent with some technicalities/complexities.

@Datuk Panglima: thank you for the detail explanation. I am a totally newbie about stock market. The post was my 2 cents after reading the highlights.

Wow… I didn’t know that “The minimum brokering charge per transaction is fixed at RM40″ actually charging us more. Oh… No more intra-day trading with less than RM10,000 trade.

Hi guys,

I heard that those in consultancy, need to charge 5% service tax on their clients?
Is that truth in our budget 2008?

Thanks.

nice info.. thank for that