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Budget tax proposals to go before tax cluster
A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary.A joint government-private sector tax cluster will re-examine all the changes to taxes proposed in the budget, says the Treasury Secretary. “A special tax cluster will begin work next week under the NCED (National Council […]
Respect Mr. Public Servant
Inland Revenue Department is being geared up to collect more taxes from next year.Inland Revenue Department is being geared up to collect more taxes from next year. The government is planning to increase tax collections by Rs. 69 billion next year or roughly three percent of GDP The Department of Inland Revenue says they plan […]
You name it…
Economists say the centralist oriented government budget will benefit the poor faster if the government can achieve the revenue targets. Economists say the centralist oriented government budget will benefit the poor faster if the government can achieve the revenue targets. Head of a local economic think tank Dr. Saman Kelegama told LBR the UPFA government […]
Scarecrow Budget
The Finance Minister has proposed import substitution to ease pressure on the exchange rate and inflation.Left leaning economic policies that advocate a similar interventionist role for the government however can scare investors.The Finance Minister has proposed import substitution to ease pressure on the exchange rate and inflation. Left leaning economic policies that advocate a similar […]
Home Made
Local software vendors will get 50 percent of the total billings of all business software solution implementations in the state sector, to boost industry’s revenues closer to the US$ 1 billion mark by 2012.Local software vendors will get 50 percent of the total billings of all business software solution implementations in the state sector, to […]
Power Politics
The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility.The 2005 budget jacked up renewable energy tariffs, stepping squarely into a running battle between mini-hydro developers and the state power utility. Finance Minister Dr. Sarath Amunugama said on Thursday that renewable sources of […]
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure
The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure.The Ceylon Chamber Commerce has told the government that getting higher tax revenues will be a bigger challenge than controlling expenditure. Chamber Chairman Deva Rodrigo said the success of the first UPFA budget depends on […]
Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times on Friday
Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Priced under seven percent the […]
‘s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times on Friday
Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Sri Lanka Telecom’s maiden US$ 100 mn five-year bond issue has been oversubscribed ten times, a spokesman for one of the lead managers said Friday. Priced under seven percent the […]
The government plans to divest remaining shares it holds in listed hospitality stocks, and tinker with taxes to encourage the growth of the capital market
The government plans to divest remaining shares it holds in listed hospitality stocks, and tinker with taxes to encourage the growth of the capital market. The government plans to divest remaining shares it holds in listed hospitality stocks, and tinker with taxes to encourage the growth of the capital market. Next year’s budget forecasts to […]