Expert Weighs Up Impact of New Tax Proposals on Domestic Markets

Two pieces of news broke in the past couple of weeks concerning taxation. 
First, Omid Ali Parsa, the director of Iranian National Tax Administration, said once the parliament gives its full consent, luxury homes and pricey cars will be subject to wealth tax as per the budget bill for the next fiscal year (March 2020-21). 
Second, the Ministry of Economic Affairs and Finance submitted to the office of first vice president its comprehensive Direct Tax Reform Bill containing new tax measures, namely personal income and capital gains tax. 
What effect can these new taxes have on markets? Some experts, including Gholamreza Salami, a senior member of the Iranian Association of Certified Accountants, believe that wealth tax would have little if no impact on markets.