Cashing The Tigers

Dilshan Wirasekara, Chief Executive Officer of First Capital Treasuries PLC

The government is discussing ways of financing the administrative units to be set up in a possible devolution and has also taken up the Tiger tax issue, Cabinet Spokesman G. L. Pieris said.rn

rnAt present the LTTE is using various ruses to collect taxes from the people in the North and East.rn

rnThough prices have come down sharply since the ceasefire, all goods going beyond Vavuniya are taxed.rn

rnEven state owned CWE and Building Materials Corporation goods are being indirectly taxed, through high transport premiums.rn

rnldblquote Obviously CWE is not in a position to pay anything in the form of a levy or a tax,
dblquote says Prof. Pieris. ldblquote We have pointed out that it is not possible and the LTTE has promised to resolve this.

rnHitting at transport is not limited to passenger or goods transport by land.rn

rnShipping officials say sea transport charges to Jaffna are also excessively high, even when allowing for a risk premium.rn

rnIn another development that may have far re