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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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Saturday, April 30, 2016
Of taxation, Inland Revenue and Panama Papers
Saturday, 30 April 2016
Immediately the following evening (Tuesday) our good friend Deputy Foreign Minister Dr. De Silva, an expert in the area of fiscal policy was heard to complain, during a debate on the same channel, of the appallingly low rate of registered tax payers as opposed to our income earning population; thus this discussion is too much of a temptation to just leave it there, hence these thoughts accompany my (belated) wishes to you for a peaceful and relatively prosperous Sinhala and Tamil New Year!
Let’s use the backdrop of the now infamous Panama Papers revelations as a starting point. So we are made aware of some twenty odd Sri Lankans (yet unnamed) who are supposed to hold and/or benefiting from foreign holdings, assets or income amounting to trillions of rupees, which by law must be disclosed internally and be subject to taxation, unless of course they are entitled to some exemption such as double taxation regime.
This is in addition to the so many “golden horses” and “foreign castles” etc that were mentioned regularly in the run-up to our people’s victory of 8 January last year and repeated ad nauseam in August which were assured to us as matters of priority that would be pursued, reclaimed and credited to the coffers of the people upon assuming governmental power. With all of this yet to see the light of day even one and half years later, we are now appraised (at last week’s Cabinet briefing) that, inter alia:
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Saturday, 30 April 2016
Avurudu vacation revelations
Court vacation always permits that little bit of extra time to pen something down and the occasion arose when former Dep. Governor of the Central Bank Dr. Wijewardene, Island Editor Shamindra Ferdinando and I were invited by Sirasa TV last Monday for a dialogue on this general theme.
Court vacation always permits that little bit of extra time to pen something down and the occasion arose when former Dep. Governor of the Central Bank Dr. Wijewardene, Island Editor Shamindra Ferdinando and I were invited by Sirasa TV last Monday for a dialogue on this general theme.
Immediately the following evening (Tuesday) our good friend Deputy Foreign Minister Dr. De Silva, an expert in the area of fiscal policy was heard to complain, during a debate on the same channel, of the appallingly low rate of registered tax payers as opposed to our income earning population; thus this discussion is too much of a temptation to just leave it there, hence these thoughts accompany my (belated) wishes to you for a peaceful and relatively prosperous Sinhala and Tamil New Year!
Let’s use the backdrop of the now infamous Panama Papers revelations as a starting point. So we are made aware of some twenty odd Sri Lankans (yet unnamed) who are supposed to hold and/or benefiting from foreign holdings, assets or income amounting to trillions of rupees, which by law must be disclosed internally and be subject to taxation, unless of course they are entitled to some exemption such as double taxation regime.
This is in addition to the so many “golden horses” and “foreign castles” etc that were mentioned regularly in the run-up to our people’s victory of 8 January last year and repeated ad nauseam in August which were assured to us as matters of priority that would be pursued, reclaimed and credited to the coffers of the people upon assuming governmental power. With all of this yet to see the light of day even one and half years later, we are now appraised (at last week’s Cabinet briefing) that, inter alia:
