Government weighs lowering 12.5% capital gains levy, allowing foreign investors to calculate gains in dollar terms. AS INVESTORS grapple with a flat stock market trajectory for more than two years now, discussions within the government in the run-up to Budget 2027-28 include lowering the long-term capital gains. The government is considering changes to equity capital gains tax ahead of Budget 2027-28, including a possible rate cut and dollar-based taxation for foreign investors.