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← Explain the financial transaction tax
scq

What is the mechanism used to calculate the tax on the net long position at end of day?

What is the mechanism used to calculate the tax on the net long position at end of day?

The tax is calculated on the total amount of purchases without any offsetting
The tax is calculated on the net long position after offsetting same-day purchases and sales
The tax is calculated only on sales without any offsetting
The tax is calculated on the average of purchase and sale prices