The government's key tax panel on Tuesday proposed revising taxes levied on financial investments to ease risks for individual investors and boost the nation's economy.
The proposed revision by the Tax Commission would unify taxes on a wide range of financial products -- from bank deposits to stocks -- so that losses from an investment could be deducted from almost all taxable investment income.
For example, capital losses in stocks and bonds could be deducted from interest income from bank deposits.
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