We need to introduce Capital Gains Tax in the Maldives

We need to introduce Capital Gains Tax in the Maldives:

A capital gains tax (CGT) is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was purchased at a cost amount that was lower than the amount realized on the sale.

Source: http://en.wikipedia.org/wiki/Capital_gains_tax

It's not the poor but the rich who owns most of such assets which is currently not subject to tax. Just called to MIRA to confirm it.

Maldives is currently, on the path of Regressive tax. Tax the poor and feed the rich.

A regressive tax is a tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases. "Regressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from high to low, where the average tax rate exceeds the marginal tax rate. In terms of individual income and wealth, a regressive tax imposes a greater burden on the poor than on the rich.


Source: http://en.wikipedia.org/wiki/Regressive_tax