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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Thiranjala Weerasinghe sj.- One Island Two Nations
?????????????????????????????????????????????????Sunday, April 30, 2017
SOC refuses to recommend regulations on tax concessions
2017-04-29
The
Sectoral Oversight Committee (SOC) on Finance has refused to recommend
the proposed regulations, under the Excise Special Provisions Act,
granting tax concessions because they have been formulated with the
intention of giving concessions to selected companies.
Chairman of the SOC on Finance, MP M.A. Sumanthiran who presented the
committee report in Parliament yesterday highlighted the fact that
concessions have been recommended to only 23 companies though there are
hundreds of others who are eligible for tax concessions.
“Concessions have been recommended for companies owned by fathers and
sons,” MP Sumanthiran said and added that the criteria applied on
selecting the 23 companies were not clear. (Yohan Perera and Ajith Siriwardana)
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Thavam