in the name of allah, the most merciful, the most merciful. hello, good morning . welcome to the capital market news. the central depository of securities and funds settlement said that this amount has increased by 29% compared to last year. according to bakhestani, during this period, the dividends of 27 publishers related to previous years have been paid to more than 16 million shareholders. bakhestani also said about the equity shares of the deceased. debtors

should register faster in the legacy system so that the process of transferring shares and depositing profits of previous years will be operational by the end of this year. the security police of the space for the production and exchange of fata information regarding sending sms fraud was given to the citizens under the title of receiving equity dividends. according to fatah police , receiving any messages with the content of equity dividends in the form of text messages or social messengers is fake and is done with the aim of emptying people's accounts. as the stock exchange organization has already announced, the dividends of justice shares will be automatically deposited to the shabai bank account number registered in the sejam system for eligible people, and the announcement of the time will be made only through the country's official radio and news agencies. managing director of the

capital market development fund from the purchase of 50 thousand billion tomani saham khurd announced from the beginning of this year until the end of december. mr. khanqah said that during this period, 496 billion tomans were bought and 1275 billion tomans were sold. khanqah also said 3164 billion tomans. block sale of shares and 5 billion and 553 billion tomans of net buying and selling of shares have been done. the managing director of the capital market development fund added that the largest amount of buying and selling of shares was achieved in may this year. according to khanqah, during this period more than 8420 billion tomans were bought and sold and 4792 billion tomans were sold. tuesday's total index

it fell for the seventh consecutive day. at the end of the market, less than 15% of the symbols were in the positive range. all the indicators of the stock market were again down on tuesday. the total index of the glass hall with a retreat of 26,527 units and with a negative yield of 1. 24 hundred percent was in the range of 2 million 120 thousand 35 units. to decrease for the seventh consecutive day, a decrease that originated from the concern and intense selling by investors. on this day, the equal weight index also has a negative yield of 2.112 , equivalent to 15,657 units, at the level of 724 units to the small and medium symbols of the market, from the large and branch symbols. have followed the instrument. the glass hall witnessed the exchange of more than 8 billion in tuesday's transactions. 2,110 million shares and financial bonds

in 387 thousand transactions with a value of 5334 billion tomans. the symbols of shapna, foulad, tapiko and family had the most negative impact on the stock market index, and in contrast to the symbols of se dasht, pekerman, khosaz and tek kumba, they prevented further reduction of the total index. the capital inflow and outflow index at the end of trading on tuesday and saturday, the stock exchange also reports the outflow of 945 billion tomans of real money. on this day 1. 18 billion tomans of real money was also withdrawn from fixed income funds, but the most the withdrawal of real money was made from the groups of basic metals of the bank and chemical products. the most inflow of real money was also allocated to the groups of non-mineral minerals, tiles and ceramics, and information and communication. the status of the symbols of the glass hall also indicated that 107 symbols were positive and 650 were negative, so that the glass hall saw 85 of the market symbols become negative. also. 34 icons encountered the buy queue and 118

icons encountered the sales page. the total value of purchase pages was 85 billion tomans, the total value of sales pages was 486 billion tomans. but on the other hand, with the total index of far-bres also with a decrease of 394 units the number was 2529 units. traders traded 3 billion 369 million shares in 221 thousand transactions with a value of 194 billion tomans . ghazal arab gul of sed and cima news agency. according to the minister of energy, the green electricity board of the energy exchange will reduce the imbalance of electricity. mr. mehrabian said: "the most important issue in the field of renewables is demand, and based on the laws approved by the parliament and the government, sufficient demand has been created for the exchange of renewables on the green board of the energy exchange." when our colleagues

launched the green panel in cooperation with the energy exchange, the idea was that with one or two day transactions will no longer be possible. meanwhile , since the day when the energy exchange unveiled this board, we have almost never had a day without a transaction. private sector suppliers and private sector consumers buy and sell in a fully competitive environment. end of market news. god-guarded capital.

the importance of elections in choosing a strong parliament. the key is in the hands of the people. iranian coach of honor. you are special about the election program . in recent meetings, the leader of the revolution called the real competition one of the important pillars of the election , meaning that it is a field for the presence of different tendencies.

political, economic and cultural should be open so that everyone with their different views can form a real competition in the big election race and have an active presence in the field. one of the issues on which experts disagree is whether we should deduct inflation or not deduct inflation in the case of the capital id tax or the tax on speculation and gambling . think of buying a property or a car , the price will change from the accidental profit you get, which is considered an unusual profit, to the hard work of the purchase. what you have as a tax for capital will be set aside, you should pay what you had, which is considered an unproductive activity, as a tax. there is a difference of opinion that the people who are against this type of special tax on inflation say that in a country with inflation, the price of a series of goods that are bought, property

, cars, etc. will increase whether you like it or not. let's deduct the inflation and then calculate the tax for the capital. on the other side of his agreeable point of view , they have another word that can be seen in more detail. in schedule join us in the higher election debate , thank you. well, in today's program and in the studio today, mr. mehdi mohedi, an economic expert, is also present, as well as mr. shaghaghi, another economic expert . i would like to start with mr. mohadi , as i agree that we should not deduct the inflation tax from the capital stock. mr. mohadi, please tell me why this should not happen . dear mr dear doctor and all the viewers of our program, first of

all, we should determine the position of capital id tax and see why we need capital id tax. if we can achieve the main philosophy of such a tax , this can lead us to the direction that now, if it is supposed to be, the category of inflation is also the case. let's discuss whether there should be an inflation adjustment, that is , we should deduct the effect of inflation from this price increase and then collect the capital id tax or not. what does the capital id tax mean as an anti-speculation tax? it means that we have had unproductive activities in our country's economy for years. taking the place of productive activities, we need to look around

us . suppose you ask any of us, how many billions do you actually have? and before anything else, it comes to our mind that we should go and buy property with it, buy a house , buy a car, and then maybe we will keep it, and in the following years, we will achieve this amount of growth , and many big capitalists may not go into production at all. but trust the conditions

in the direction of this speculation and speculation , let us understand the main philosophy. if we want to tax capital id, why do we want to tax it? we want to actually come as a mechanism as a mechanism and with the tax on capital id, this is a kind of game. and let's get rid of speculation, so this is the most important goal of getting rid of speculation and it's a game. if this happens, it means that we want to name it as a tax for id capital as a tool and mechanism to prevent gambling and speculation. now we have to see what the relationship is with inflation. we have to explain this, if the tax for capital id has no relationship with inflation, then it is natural for you to adjust the tax on capital id for inflation, and then take the tax from it, even though this will lead to the waste of tax from spending, speculation and gambling.

it may not be possible, but it may be profitable for the person to continue doing this unproductive activity, but you can do something like this if this inflation is not related to this tax for capital, but if it is related, what if the lack of tax itself is on the id of the capital, in other words, promissory notes. game and speculation that happens in the economy of a country. it happens that one of the main factors of inflation in our country's economy is the main issue, that is, if we actually sum up these two issues , it seems to me that we can easily reach this conclusion . the first point is that if we want to come and adjust the inflation, that is, we allowed it, that is, speculation and gambling, in fact , we did not save it, we allowed it to continue. let the speculator come and still make a profit with this amount and continue his unproductive activity

. the first point and the second point is to come about let's talk about the effect of inflation and speculation and speculation . does speculation and speculation have an effect on inflation and is it one of the main factors of inflation? if this happens, i think that the continuation of our discussion with mr. and watch over these two later. that is, the effect of the lack of tax on capital id on inflation, which, god willing , i will present some discussions to you, mr. shashouqi , do you agree that this inflation should be adjusted and deducted ? his excellency and mr. doctor who are colleagues the tax organization is from the ministry of economy, mr. minister, the colleagues of the tax organization are in sensitive situations and they are trying hard

to reform the tax system . there are many problems in our tax system. i really like the efforts of the friends, but on this issue. i have something else to say, that is, i am against such a debate and i believe it should be moderated. now, if you allow me to point out my reasons, see. tax has 3 specific goals. the discussion of increasing government revenues. no one is against this issue. the second issue is the explanation of wealth. and the third tax ruling or tax goal to avoid non-productive activities, now let's call it extreme speculation or extreme gambling, so it has 3 goals : tax and well, and now we are going to tax on capital id because it is mainly aimed at the third goal

, of course, it will also generate revenue for the government . but the main goal is that we can prevent extreme speculation, mr. dr. mohed, i have no objection to the principle of capital id tax, and i accept that it should be defined as a tax base in iran's economy, but for me, this is unclear. see, this is the question. is the root of inflation in the economy extreme speculation or not? i a simple example. i am not a capitalist, i have a certain amount of money, these are my savings, suppose it is 1 billion tomans in an economy with 6 years of inflation , the average inflation rate is above 40, and from the point of view of justice , tell me what should i do with this money

, if i keep my money i have at least 40 purchasing power per year. my wealth and income are coming down . they are the result of my efforts for several years. as savings , my friends tell me that we will close this speculation because they call it speculation. i don't call it speculation at all. i am the anchor people they are looking for an anchor that they can maintain their purchasing power, except for a few sectors that are really defined in that extreme speculation . the second question is that we focused on the capital brady tax. let's assume that we closed this way. it means the productive sector with 11 punishments from instabilities, from the lack of a favorable macroeconomic environment, from corruption and bribery, from

moderate factors that hinder your production, as an executive , as an impartial person, tell me what i should do with my capital, see me. shaqi means 70 million people in this country, assuming at least 75 million of you 5 million, 10 million people may be very few, 5 million people are defined in the phase of extreme speculation , but i, who am not looking for speculation, as a normal person, i am looking for mr. you need to stop the root of inflation , 45% inflation and uncertainty about the future and the past experience

, the moderate promises made by different governments. and that capital was lost, you are. do i have time for capital in iran, or should i stop? if you stop until now, then we can. i am the last sentence capital in iran is currently yours, and capital is defined as gold dollars, foreign and domestic cars, housing, and the capital market. this is currently our asset portfolio. now we are blocking it. we, the people , are going to anchor another commodity as an asset. who said you are? iran itself. okay, where in the world is the car and why am i going to buy a car because i want to protect myself from inflation now you are asking me, i will say inflation next year with the situation i see, we will have inflation, so what should i do with my money? i want to say that we are not against it for id tax, but the same section we have to make it work, that is

, he wants a policy package, not a single policy , you want to block it with a single tax policy for capital, the productive sector must work, and who imposes inflation on the government, inflation is the result of policy. there are many mistakes of the government. i am an ordinary person who has nothing to do with inflation. i would like to tell you, mr. mohadi , that, according to the order of mr. doctor , it has an effect in the field of taxation for capital as well. tax on capital, tax on id, capital on fixed gambling and profit, both from the definition, in fact, the adjective of gambling and merchandising that you say is actually considered in a way that regarding inflation and the occurrence of inflation , i disagree with all four concepts that i have presented to you, and i have my own arguments that i present to you. we

have a disease in iran's economy . we have found a disease in iran's economy . this disease has been found since then, sorry, i use a lot of this simile . if this is a mistake, this has no historical roots, this is the result the occurrence of a series of diseases in the economy of our country, which have caused this problem from one period onwards, i will take an example, according to the statistics provided by the iranian statistics center, for the year 2015, the capital demand of our housing sector

, the capital demand of our housing sector about 20% of the total liquidity in the housing market was 55% and 80% of the market's demand and the market's liquidity was directed to consumer demand. 80% consumption, 20% capital. now, this number is exactly the same, if it hasn't gotten worse, it means that we demand about 80 or more than 80 from the total amount of liquidity in our housing market. capital is 20% of consumer demands. what does it mean it means that we are in a situation where our economy is actually more than the year due to the poteks. before, the pollen of the production and the production spread the production from each other. when this production is scattered from each other, the one who has the financial resources

and the resources wants to invest somewhere. for example, land, housing, cars, coins, bitcoin, crypto currency, stocks, etc. what happened because of this is because i agree that we should have a policy package to help production, but this does not mean that we should stop speculation and speculation here, when we say speculation and speculation mr. doctor , do not think of a person who he bought a 50-meter or 100-meter house. those who are not speculators , speculators are people who have companies and legal entities, they have institutions that are a subsidiary of a bank , 48 to a subsidiary company of a bank, whose activities are all speculation and gambling. the reason is because we said we went whenever let's take a look at speculation and play games. he said, sir, these people are saving

, people are buying a 50-meter house, no, sir, they are not influential at all. the main influencers are those legal entities , which are the branches of banks and 100 and one different institutions. and they are taking advantage of this opportunity, what will happen now , what will this abuse lead to, that's the point. when this speculation finds a place as a logic, it wants liquidity , which means it needs facilities before it can do this speculation and speculation, liquidity. from whom is the request made? it is made from the bank . by the way, many of these banks are sub-categories of many of these banks . they are private or government companies that are helping with this. the angle of work , therefore, it will demand liquidity, it shows itself in the form of facilities , who can get facilities, the same companies

that can put these properties as collateral , those companies that have more credit , this will increase the demand for liquidity. looking at how this need for liquidity will affect inflation again i'll explain, yes, keep it here until we get the answer from mr. shaghaghi , let's see if they agree or disagree , see me and this. pension fund disharmony, then recently, water disparity , other disparities. the macro economy is also added , it becomes a part of the currency imbalance resulting from trade deficits , the result of the capital account deficit is also a part of uncertainty about the future of my economy. the fact is

that in the main roots of inflation there is something called share it is obvious for speculators that speculation is the cause of inflation , it may be a stimulus in some process, but it is the main root of macroeconomic imbalances, so you see inflation is the main root of macroeconomic imbalances. from horizontal disparity to various disparities, this is an issue. now the tour is the result of these disparities. sir, the inflation in the 40 economy has been implemented. it has not been a year . we have had 40 inflation for 6 years now. i am not rich in iran . i am not an ordinary person. i am part of the 1 percent. i belong to the upper classes of the society, i have earned lawful wealth. it is true

that you should put me in the tax inflation bracket sir, i have gained wealth, so it is halal , there is no problem that you are in a country that is not a communist or socialist country, that i have legitimate wealth, i want my wealth not to be lost with inflation of 50 , you tell me that i want my wealth not to be lost from a on my side, we closed the production department, mr. doctor , i wish he was in charge of the capital market here . i have a little understanding in the capital market, every time i entered, i came out with a loss . well, every day there is an approval, every day there is a recipe. well, sir , you have given me many recipes. one day you go, you buy refining, and one recipe comes. because the monkey messes up the financial statements , it messes up the profitability of the company. you go to a bank and buy bank shares, then you see that they are fined.

sir, open a place, you government officials. well, i was once in your same place. i want to say that you see, government officials should open the space, the space means the production space. i am not crazy to go and buy land, so if the space is open, there is no problem , we closed the space. the space that i say, mr. production on the capital market is passive and does not work in iran 's economy for investment. we also closed the production material. well, i have some wealth . let's assume that i am part of the 1% of halal wealth. so what should i do? 50% of my wealth is not

a leap year. tell me that, and i will say that there is no problem. i will be taxed on my id as a tax base. even though i don't know about the pillars of taxes, i know the first task in taxes is revenue for the government , i know the second task is the tax on wealth. except for the third and below, i say there is no problem. i can't produce and take my money. if you have art, statesmen you come in my place. the government has been the government since the beginning, when every government came,

the government passed. this is the 13th government that i am devoted to all these friends whom i really love, that is, i know the hard work they do and how much effort they put in in that tax organization. i say that you see this, i say that we should go the right way to reach a goal, we need to work on the production path, i want to say a policy package on the production path, so mr. doctor, that package. my last sentence is that if we at least allow that in the discussion of inflation i am not guilty, as a rich person in my society , i did not create the discontent that i want, only sir , i want my wealth to be preserved, to be preserved, and hello , let the tax be adjusted for inflation, that is, if it is affected by inflation, there is an average inflation

, let's say 40.