Man, there sure are also companies in your country trading in the US. Just take contact to them and ask how they do it (the tax stuff). Really, you are yelling like an infant, instead of doing something to solve your alleged problem. A problem-solver you surely are not, that's clear.
Reasons for a CashAcct: - no margin calls can happen, and - daytrading rule (PDT) does not apply, ie. one can do many daytrades in CashAcct. But one cannot do any naked shortselling (ShortStock, NakedCall, NakedPut), instead can as replacement only do CoveredCall and CashSecuredPut. S.a. https://www.thebluecollarinvestor.c...ife-example-with-t-mobile-us-inc-nasdaq-tmus/
the law can’t be like that. the question is how much time, effort, and money are you going to spend to resolve this.
Companies are not the same, there's different tax system for companies and retail investor. As I said in the beginning I am here to vent my frustrations. And I am venting.
Yet again there is the law. I can even give you a youtube webinar, where people from KPMG and Kazakhstani stock exchange mention this issue. But it is in Russian so probably it doesn't make sense for most people here. But here's the link To see the place where the mention anout this specific case, you need to got to time 58:55
all tax laws have loopholes and case law precedent that clarifies the rules. I wouldn’t take no for an answer.
There was a precedent, and the head of tax administration officially ruled the way that it is going to be taxed on the selling amount
Since it's leading to an illogical outcome (paying more taxes than earned), then the probability is near 1 that you just misinterpret the law or what the said head of the tax office or so says...