{"id":651976,"date":"2017-02-26T04:11:08","date_gmt":"2017-02-26T04:11:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/"},"modified":"2017-02-26T04:11:08","modified_gmt":"2017-02-26T04:11:08","slug":"egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/","title":{"rendered":"EGX stamp tax should be switched out for a tax on bank deposits"},"content":{"rendered":"<p><strong>Imposing stamp taxes on EGX transactions should be replaced with a tax on bank deposits<\/strong>, which carry no risks and would be certain to yield greater returns if taxed than transactions in the stock market, Mahmoud Hashem writes in a column penned for <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/23\/%D9%85%D8%AD%D9%85%D9%88%D8%AF-%D9%87%D8%A7%D8%B4%D9%85-%D9%8A%D9%83%D8%AA%D8%A8-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%82\/\">Al-Borsa<\/a>. Please, God, don\u2019t get us started\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imposing stamp taxes on EGX transactions should be replaced with a tax on bank deposits, which carry no risks and would be certain to yield greater returns if taxed than transactions in the stock market, Mahmoud Hashem writes in a column penned for Al-Borsa. Please, God, don\u2019t get us started\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9411],"tags":[72,9410],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651976","post","type-post","status-publish","format-standard","hentry","category-on-deadline","tag-enterpriseam","tag-on-deadline","wpautop","entry"],"acf":{"mongo_id":"c499fd68-89c0-4532-ad53-51e96089502d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651955],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGX stamp tax should be switched out for a tax on bank deposits - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX stamp tax should be switched out for a tax on bank deposits\" \/>\n<meta property=\"og:description\" content=\"Imposing stamp taxes on EGX transactions should be replaced with a tax on bank deposits, which carry no risks and would be certain to yield greater returns if taxed than transactions in the stock market, Mahmoud Hashem writes in a column penned for Al-Borsa. Please, God, don\u2019t get us started\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-26T04:11:08+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX stamp tax should be switched out for a tax on bank deposits\",\"datePublished\":\"2017-02-26T04:11:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\"},\"wordCount\":64,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"On Deadline\"],\"articleSection\":[\"On Deadline\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/egx-stamp-tax-should-be-switched-out-for-a-tax-on-bank-deposits\/\",\"name\":\"EGX stamp tax should be switched out for a tax on bank deposits - 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The EGX has published a helpful infographic guide on taxes and fees on EGX transactions after the amendments to the income tax and stamp tax acts came into law this year. The amendments set a stamp tax rate on EGX trades\u2026","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651848,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/division-in-the-finance-community-over-the-0-5-stamp-tax-rate-on-egx-transactions\/","url_meta":{"origin":651976,"position":2},"title":"Division in the finance community over the 0.5% stamp tax rate on EGX transactions","author":"enterpriseam admin","date":"22 February 2017","format":false,"excerpt":"Hating on the proposed 0.4-0.5% stamp tax on EGX transactions: First, Egyptian Financial Supervisory Authority (EFSA) Chairman Sherif Samy argued against the tax. 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