Peace for the World World ! Your War Our Lives
The Dalai Lama
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
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Back to 500BC.
Thursday, February 18, 2016
More tax to be collected from capitalists
- Feb 17, 2016
Prime
Minister Ranil Wickramasinghe said that he would change the country’s
tax system which is currently acquire more tax from the ordinary people
and charge less from the capitalists.
Prime
Minister said this participating for the World Bank information release
of Ending Poverty and Shared Prosperity on Sri Lanka.
Prime Minister pointed out 80% of the tax revenues are collected from the ordinary public and this system has to be change and a capital tax should be charged from the elite classes.
For the last 20 to 30 years the country has developed creating rich and super rich classes but 80% of the tax are paid by the ordinary public.
“80% of the capital owners pay 20% of tax and 20% capital owners pay 80% of tax. This system should be changed. Gradually we are going to we are going to impose a tax for the capital” said the president
Ownership of free hold lands
The Prime Minister said there was a system in the past of collecting tax from the lords.
“Capital Tax, estate tax, wealth tax, capital profit tax, death tax has been paid by our parents but today it is different.
Prime Minister said without giving a capital, poverty cannot be eliminated. He said there are two million people in the country without ownership of a land. Therefore giving a free hold ownership would be a solution for this problem.
“We are going to bring a new law this year. We are going to create ownership for the lands and houses given to the people by a transfer deed. From a single law two to three million owners would be created.
We should not waste our time by giving money to people and throwing them to the road but he urged from stakeholders to join together to build the country said the prime minister concluding his speech.
“Don’t influence people by giving money preventing the agreement with India. Don’t waste times, If anybody wishes to deploy a single person we can deploy ten.
Recently the Government Medical Officers Association and few trade organizations conducted a protest against the economic agreement to be signed with India
Prime Minister pointed out 80% of the tax revenues are collected from the ordinary public and this system has to be change and a capital tax should be charged from the elite classes.
For the last 20 to 30 years the country has developed creating rich and super rich classes but 80% of the tax are paid by the ordinary public.
“80% of the capital owners pay 20% of tax and 20% capital owners pay 80% of tax. This system should be changed. Gradually we are going to we are going to impose a tax for the capital” said the president
Ownership of free hold lands
The Prime Minister said there was a system in the past of collecting tax from the lords.
“Capital Tax, estate tax, wealth tax, capital profit tax, death tax has been paid by our parents but today it is different.
Prime Minister said without giving a capital, poverty cannot be eliminated. He said there are two million people in the country without ownership of a land. Therefore giving a free hold ownership would be a solution for this problem.
“We are going to bring a new law this year. We are going to create ownership for the lands and houses given to the people by a transfer deed. From a single law two to three million owners would be created.
We should not waste our time by giving money to people and throwing them to the road but he urged from stakeholders to join together to build the country said the prime minister concluding his speech.
“Don’t influence people by giving money preventing the agreement with India. Don’t waste times, If anybody wishes to deploy a single person we can deploy ten.
Recently the Government Medical Officers Association and few trade organizations conducted a protest against the economic agreement to be signed with India
