The heads of three branches of government (executive, judiciary and legislature) approved a proposal by the Security and Exchange Organization (SEO) to slash tax on share trade by 80%.
The rare proposal was approved in line with government's ongoing efforts to lift the wilting stock market, apparently with little success.
It also comes after concerted efforts by the government to prevent capital outflow, including announcement of plans to revise price decrees, offering cars at the stock market and offering put options to guarantee profit and quality of stocks.
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