Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Sri Lanka expropriated sugar firms begin to hit tax payers

July 05, 2012 (LBO) - Two sugar mills expropriated by the state last year has begun to burden ordinary citizens with the finance ministry channeling 557 million rupees from taxes extracted from the people to the firms.
online pharmacy buy abilify with best prices today in the USA


buy chloroquine online https://qpharmacorp.com/wp-content/uploads/2023/08/png/chloroquine.html no prescription pharmacy


online pharmacy buy augmentin with best prices today in the USA


online pharmacy buy rybelsus with best prices today in the USA


buy abilify online http://iddocs.net/images/layout4/gif/abilify.html no prescription pharmacy

A mid-year fiscal report to parliament revealed that 550 million rupees had been given to cover day to day expenses of two expropriated firms, Pelwatte and Sewanagala Sugar Industries.
buy doxycycline online http://iddocs.net/images/layout4/gif/doxycycline.html no prescription pharmacy



Seven million rupees had also been given to buy a vehicle.

Ironically the handouts have been channeled via a entity called the 'Ministry of Productivity Promotion.'

Sugar also is also given import protection through taxes, curtailing the trade freedoms of the poorest sections of society most.

The money has been channeled to the two firms without first going to parliament for approval using so-called contingency funds from the Treasury, a process that has evolved in Sri Lanka despite parliament being nominally in control of finances.

online pharmacy buy diflucan with best prices today in the USA


buy abilify online https://qpharmacorp.com/wp-content/uploads/2023/08/png/abilify.html no prescription pharmacy


online pharmacy buy symbicort with best prices today in the USA


online pharmacy buy stendra with best prices today in the USA


buy naprosyn online http://iddocs.net/images/layout4/gif/naprosyn.html no prescription pharmacy



Sri Lanka's rulers expropriated a series of private firms including the two sugar firms, last year through a controversial law that where rulers resumed violating citizens property rights.


The law flack from critics for being flawed legislation that was ad ho

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
© 2001-2024 Lanka Business Online (Pvt) Ltd. All rights reserved.
Designed by Lanka Business Online (Pvt) Ltd.
Top
0
Would love your thoughts, please comment.x
()
x