Luxury Shopping Center Will Become A Tourist Destination For Chinese Tourists.

< p > how much tax does it cost to purchase a 20 thousand yuan handbag in Italy (produced in the mainland of China) in the mainland of China? The statistics show that the tax on imported leather bags includes 17% VAT and 10% duty, totaling 27%, that is to say, 4252 yuan is a tax to be paid for the Prada.

Because of this, luxury shopping centers have become a must for overseas Chinese tourists.

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< p >, how much tax do you need to pay for a Prada stock? < /p >

< p > according to the announcement of the HKEx, Italy began to levy a financial paction tax on investors who buy and sell Prada (hereinafter referred to as IFTT, I refers to Italy). Banks, brokers and other "financial intermediaries" must collect money from investors and then pay taxes to Italy tax bureau.

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< p > < strong > buying a single increase of 0.22% tax and fee < /strong > < /p >

< p > July 12th, on the website of the HKEx, there was a frequently asked question about the tax on Italy's financial pactions, which clearly stated that the paction of Prada must pay shares IFTT.

In addition, unless the relevant tax is less than 50 euros, the tax payer will be required to file a tax with the Italy Inland Revenue Department and account for the relevant pactions in the previous fiscal year.

Late payments or unpaid and no tax returns will be fined.

The HKEx said that the Italy Inland Revenue Department has not issued detailed payment instructions and annual tax returns. If further information is available, HKEx will update it.

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< p > in fact, as early as in June 24th, Prada posted its "financial paction tax" - the latest information on its website. It said that according to the new law, the paction before September must be paid in October 16, 2013 or before IFTT, and the paction after October should be paid before the 16 day of next month.

According to the information previously released by Prada, the financial paction tax law of Italy came into effect in January 1, 2013. The tax rate applicable to the purchase and sale of Prada shares is 0.20% (only to 0.22% in 2013).

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< p > for more details, a spokesman for the Hong Kong Stock Exchange said in reply to the journalist's mail that in general, the financial intermediary involved in the execution of the paction should be responsible for charging IFTT to investors and then paying it to the Italy Inland Revenue Department.

For example, an investor instructs his broker to execute a purchase, and his broker shall be responsible for arranging the payment of IFTT.

The actual arrangement of investors and their broker to pay IFTT is decided by both parties themselves.

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< p > that is to say, HKEx will not collect relevant taxes and fees.

According to reports, in order to avoid trouble and increase costs, brokers such as Sun Hung Kai finance have suspended buying Prada shares on behalf of customers since March.

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< p > it is worth noting that the HKEx announcement shows that the share IFTT can be calculated on a daily basis, and only the buyer should pay.

For example, investors bought 1000 shares and 600 shares of Prada shares and sold 800 shares at a price of HK $70 and HK $70.5 a day. The basic formula for tax calculation is 800 shares (net purchase shares) *70.19 Hong Kong dollar (weighted average bid price) =56152 HK $=5451 euro, and the corresponding IFTT is: 5451 euro *0.22%=12 euro.

It is equivalent to 1.5 euros per hand.

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< p > the HKU told reporters in reply email that the purchase of the listed securities in Hong Kong must pay stamp duty on shares.

When the share is pferred, the buyer and the Seller shall pay 0.1% stamp duty on the amount of each paction separately.

Plus 0.22% of IFTT, the purchase of a single Prada stock is subject to a tax rate of 0.1%+0.22%=0.32%, and the paction cost of buying Prada shares has increased two times.

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< p > but the HKEx also said that IFTT was collected by the government of Italy, while the stamp duty on shares was paid to the Hongkong SAR government. The agreement between the Hongkong SAR government and the Italy government to avoid double taxation has yet to be confirmed. After the agreement is confirmed, the tax burden of IFTT may be reduced.

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< p > < strong > financial paction tax next year or spread out < /strong > /p >

< p > in fact, the tax on financial paction tax (FTT) has been discussed for many years.

The financial paction tax, also known as the Tobin tax, was first put forward by the famous American economist and Nobel prize winner James Tobin in 1972, aiming at reducing the turbulence in the financial market.

Because of its characteristics of "user pays" and "wide tax base and low tax rate", it is valued by the European Commission.

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In February 14, 2012, on the Western Valentine's day, the European Commission chose to distribute the gifts on the day, announcing the formal launch of FTT. The planned participation countries will start in January 2014, and tax on stocks, bonds, funds and so on, at a rate of 0.1%, with a derivative tax rate of 0.01%. The participating countries can raise the above two tax rate according to the actual situation of the participating countries. P

At present, Germany, France, Italy, Spain, Austria, Portugal, Belgium, Estonia, Greece, Slovakia and Slovenia have agreed to sign the plan. The GDP of these 11 countries accounts for about 90% of the total GDP in the euro area.

In addition, 16 EU Member States, including the United Kingdom, refused to join the plan.

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< p > but many people are worried about the tax.

In addition to worrying about the limited effect of FTT revenue increase, it is more concerned about the possible impact of the tax on the real economy of participating countries, and believes that it will bring about the consequences of reducing paction activity and reducing liquidity.

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