Taxation
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Sri Lanka Needs a More Balanced and Holistic Alcohol Policy

Alcohol sales would have no doubt peaked during the last week or so, along with Avurudhu festivities across the country – rural and urban alike. The use of alcohol is embedded in the daily lives of many ordinary citizens in …

A Closer Look at the Fiscal Dynamics of Budget 2014

Sri Lanka stands at important crossroads as it makes a decisive transition into a middle-income economy. With GDP growth targeted at 7.5 – 8% over the medium term, the need for effective fiscal consolidation cannot be overemphasized. In this light, …

The Role of Tax Incentives in Attracting Investment to Sri Lanka: Time for a Re-think?

Based on a new Working Paper by IPS researchers titled ‘Incentivizing Foreign Investment in Sri Lanka and the Role of Tax Incentives’, this article argues that a key medium-term challenge facing the country is to find a balance between providing a competitive tax incentives regime to attract FDI and keeping tax foregone to a minimum in order to preserve domestic revenue.

SMEs and Budget 2012: Strong Steps, but Tax Relief is Half the Story

Yes, tax concessions are a vital component in the SME-strengthening effort, and the Budget 2012 has much to offer for SMEs. But tax concessions should not be thought of as the panacea for the struggles of Sri Lanka’s SMEs. Other issues are often equally constraining, and more needs to be done about them. Ministry of Finance has delivered; it is now time for SME-mandated government institutions to sharpen their focus and address the vital issues

Pulling Ourselves Up: Taxation, Development, and Away from Aid

> Guest Article by Prof. Mick Moore* Institute of Development Studies (IDS), University of Sussex, UK In our first guest article on ‘Talking Economics’, British political-economist and taxation specialist, Prof. Mick Moore, argues that, as developing countries strive to move …