According to my opinion, I think It's income and should be taxed. There should be a tax on capital gains because it's income and the current law is that people pay taxes on their income. If we want to debate or reform that policy, perhaps we should, but then it should be targeted at all kinds of income taxes, not just capital gains taxes. Getting rid of capital gains taxes by themselves is simply a way to cut taxes on the rich, because the rich make more money through capital gains than poor people do.
What is your thought on this matter?
Capital gains tax could be potentially helpful to boost revenue for the government. However, I don't think that it's that good when it is taxed at extremely high rates essentially not allowing profits to be made from investors.
And the thing is, big corporations are just going to move their investments offshore or use various strategies to minimise their tax paid, while the ones that are actually paying this are the people at the bottom and middle of the investment categories.
There are also some pretty weird rules in terms of the length of holding and the tax paid, at least in my country, and with all the record keeping that you have to do it's just too much of a hassle overall. I'm not against capital gains tax, but excessive amounts of it with inconvenient reporting measures is definitely not the way to go.